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Minnesota Legislature

Office of the Revisor of Statutes

48.30 DEPOSITS IN NAME OF MINOR.
Any deposit made in the name of a minor, shall be held for the exclusive right and benefit
of the minor, free from the control or lien of all other persons, except creditors, and, together
with the dividends or interest thereon, shall be paid to the minor, and the minor's receipt, check,
or acquittance in any form shall be a sufficient release and discharge of the depository for the
deposit, or any part thereof, until a conservator or guardian appointed for the minor shall have
delivered a certificate of appointment to the depository.
History: (7711) RL s 3019; 1907 c 468 s 6; 1985 c 292 s 1