Illinois § 45.1 Accounts for minors

Illinois Statutes

§ 45.1 — Accounts for minors

Illinois § 45.1

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 5/Illinois Banking Act.

This text of Illinois § 45.1 (Accounts for minors) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 45.1 (2026).

Text

A state bank may accept deposits made by a minor and may open an account in the name of such minor and the rules and regulations of such bank with respect to each such deposit and account shall be as binding upon such minor as if such minor were of full age and legal capacity. The receipt, acquittance or order of payment of such minor on such account or deposit or any part thereof shall be as binding upon such minor as if such minor were of full age and legal capacity.

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A state bank may accept deposits made by a minor and may open an account in the name of such minor and the rules and regulations of such bank with respect to each such deposit and account shall be as binding upon such minor as if such minor were of full age and legal capacity. The receipt, acquittance or order of payment of such minor on such account or deposit or any part thereof shall be as binding upon such minor as if such minor were of full age and legal capacity.

Legislative History

(Source: Laws 1965, p. 2020.)

Nearby Sections

2

§ 45

Reduction in shares

§ 45.1

Accounts for minors

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Bluebook (online)

Illinois § 45.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/45.1.