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2017 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 5A - ORGANIZATION AND OPERATION OF BANKS.
Section 5-5A-37 - Rights of minors.
Universal Citation: AL Code § 5-5A-37 (2017)
Section 5-5A-37Rights of minors.
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.
(Acts 1980, No. 80-658, §5-5-37.)
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