2000 Minnesota Statutes

     525.6197 Discharge of guardian or conservator; property 
  of a minor. 

    When a minor receives or is entitled to personal property, 
 the court may order a guardian or conservator to make payment of 
 up to $2,000 of the property to the parent or parents, 
 custodian, or the person, corporation, or institution with whom 
 the minor child is, for the benefit, support, maintenance, and 
 education of the minor or may direct the investment of the whole 
 or any part of that amount in a savings account, savings 
 certificate, or certificate of deposit in a bank, savings bank, 
 or savings association in the name of the minor.  When so 
 invested the savings account passbook, savings certificate, 
 certificate of deposit, or other acknowledgment of receipt of 
 the deposit by the depository is to be kept as provided by the 
 court.  The depository shall be instructed not to allow the 
 investment to be withdrawn, except by order of the court.  The 
 court may authorize the use of any part or all of that amount to 
 purchase United States government savings bonds in the minor's 
 name.  The bonds shall be kept as provided by the court and 
 retained until the minor reaches majority unless otherwise 
 authorized by an order of the court. 

    HIST: 1982 c 472 s 10; 1995 c 202 art 1 s 25; 1996 c 305 art 1 
 s 115