- (1) The institution shall hold the money for the exclusive benefit of the minor or that minor's creditors;
- (2) The minor may withdraw money from the account; and
- (3) A receipt signed by the minor discharges the institution for the withdrawal.
If a deposit in a banking institution is made by and in the name of a minor:
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980.
Formerly Art. 11, § 100.