Indiana Statutes
§ 28-1-23-17 — Savings or checking accounts for qualified youth
Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 23 Additional Provisions Pertaining to Financial
(a)A qualified youth may enter into a
contract with a depository financial institution to open a savings or
checking account in the qualified youth's name with the consent of a
juvenile court with jurisdiction over the qualified youth.
(b)A qualified youth who opens a savings or checking account
under subsection (a) is:
(1)solely responsible for paying all banking-related costs
associated with the account; and
(2)solely liable for any and all penalties assessed to the qualified
youth as the account holder due to the qualified youth's violation
of the terms of the account.
(c)A qualified youth may not avoid a contract entered into with a
depository financial institution under subsection (a) by alleging that the
qualified youth was under a legal disability by reason of the qualified
you
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 28-1-23-17 (Savings or checking accounts for qualified youth) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.90-2025, SEC.4.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows