Payment to Minor.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Uniform Multiple-Person Accounts Act.
  5. Protection of Financial Institutions.
  6. Payment to Minor.

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Section 5-24-25

Payment to minor.

If a financial institution is required or permitted to make payment pursuant to this chapter to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act.

(Acts 1997, No. 97-644, p. 1177, §1.)


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