California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 1.1. BANKING |
Chapter 12. Deposits |
ARTICLE 1. Depositors |
Section 1400.
Latest version.
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A bank account by or in the name of a minor shall be held for the exclusive right and benefit of such minor and shall be paid to such minor or to his order and payment so made is a valid release and discharge to the bank for such deposit or any part thereof.
(Added by Stats. 2011, Ch. 243, Sec. 3. Effective January 1, 2012.)