If the parties to an account agreement , other than an agreement to which paragraph ( 3 ) applies , have agreed that the securities account is maintained in a particular State , or a territorial unit of a particular Multi-unit State , the law in force in that State or territorial unit is the law applicable to all the issues specified in Article 2 ( 1 ) , provided that the relevant intermediary had , at the time the agreement was entered into , an office in that State which satisfied the condition specified in the second sentence of Article 4 ( 1 ) .
If the parties to an account agreement , other than an agreement to which paragraph ( 3 ) applies , have agreed that the securities account is maintained in a particular State , or a territorial unit of a particular Multi-unit State , the law in force in that State or territorial unit is the law applicable to all the issues specified in Article 2 ( 1 ) , provided that the relevant intermediary had , at the time the agreement was entered into , an office in that State which satisfied the condition specified in the second sentence of Article 4 ( 1 ) .