1998 Minnesota Statutes

     525.6196 Facility of payment or delivery. 

    Any person other than a personal representative subject to 
 section 524.3-915, clause (b), who is under a duty to pay or 
 deliver money or personal property to a minor may perform this 
 duty, in amounts not exceeding $5,000 per annum, by paying or 
 delivering the money or property to, (1) the minor, if 16 years 
 of age or married; (2) any person having the care and custody of 
 the minor with whom the minor resides; (3) a guardian of the 
 minor; or (4) a financial institution incident to a deposit in a 
 federally insured savings account in the sole name of the minor 
 and giving notice of the deposit to the minor.  This section 
 does not apply if the person making payment or delivery has 
 actual knowledge that a conservator has been appointed or 
 proceedings for appointment of a conservator of the estate of 
 the minor are pending.  The persons, other than the minor or any 
 financial institution under clause (4), receiving money or 
 property for a minor, are obligated to apply the money to the 
 support and education of the minor, but may not pay themselves 
 except by way of reimbursement for out-of-pocket expenses for 
 goods and services necessary for the minor's support.  Any 
 excess sums shall be preserved for future support of the minor.  
 Any balance not so used and any property received for the minor 
 must be turned over to the minor on attaining majority.  Persons 
 who pay or deliver in accordance with provisions of this section 
 are not responsible for the proper application of it. 

    HIST: 1980 c 493 s 38; 1981 c 313 s 18; 1982 c 472 s 9; 1986 c 
 444