Alabama Statutes

§ 5-5A-37 — Rights of Minors

Alabama·Title 5 Banks and Financial Institutions·Ch. 5A Organization and Operation of Banks
A minor may make, in her or his own name, a deposit in any bank, and such deposit may be general or special, and shall be paid only to such minor, or upon his or her order, and not to the parents or guardians of such minor, and such payment shall be valid as against the minor child, his or her parents or guardian.

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Legislative History

(Acts 1980, No. 80-658, §5-5-37.)

Nearby Sections

15
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