§ 5-24-25 — Payment to Minor

Alabama § 5-24-25

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 24: Uniform Multiple-Person Accounts Act
• Art. 3: Protection of Financial Institutions

Text

If a financial institution is required or permitted to make payment pursuant to this chapter to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act.

Legislative History

(Acts 1997, No. 97-644, p. 1177, §1.)