Wyoming § 13-7-302 Accounts of minors; joint accounts

Wyoming Statutes

§ 13-7-302 — Accounts of minors; joint accounts

Wyoming·Title 13 Banks, Banking and Finance·Ch. 7 SAVINGS AND LOAN OPERATIONS·Art. 3 OPERATIONS

(a)Any association may accept the following accounts when provided by its bylaws:

(i)Accounts in the name of any minor which shall be held for his exclusive right and benefit and free from the control or lien of all other persons. The accumulated savings together with the interest shall be paid to the person in whose name the account is held. The receipt of the minor releases the association for accumulated savings and dividends credited thereon;

(ii)An account in the name of two (2) or more persons is withdrawable by any one of them and the receipt of any one of the persons is a valid and sufficient release to the association for the withdrawals regardless of the death or disability of any other joint shareholder.

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(a) Any association may accept the following accounts when
provided by its bylaws:
(i) Accounts in the name of any minor which shall be
held for his exclusive right and benefit and free from the
control or lien of all other persons. The accumulated savings
together with the interest shall be paid to the person in whose
name the account is held. The receipt of the minor releases the
association for accumulated savings and dividends credited
thereon;
(ii) An account in the name of two (2) or more
persons is withdrawable by any one of them and the receipt of
any one of the persons is a valid and sufficient release to the
association for the withdrawals regardless of the death or
disability of any other joint shareholder.

Wyoming § 13-7-302 (Accounts of minors; joint accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.