Any association operating under the Savings and Loan Act, and any federal savings and loan association doing business in this state, may accept savings accounts in the name of a minor or in the name of two or more persons, one or more of whom are minors, and pay the account to the order of the minor or minors as if they were of full age.
History: 1953 Comp., § 48-15-101, enacted by Laws 1967, ch. 61, § 57.
ANNOTATIONSCross references. — For the age of majority and exceptions thereto, see 28-6-1 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 359.