2007 Minnesota Statutes
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Chapter 51A
Section 51A.261
Recent History
- 1996 51A.261 Repealed 1996 c 414 art 1 s 44
This is an historical version of this statute chapter. Also view the most recent published version.
51A.261 DEPOSITS IN NAME OF MINOR.
A deposit made at an association in the name of a minor, or shares issued in a minor's name,
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
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 deposits or shares, or any part thereof, until a conservator
or guardian appointed for the minor has delivered a certificate of appointment to the depository.
History: 1985 c 292 s 3; 1988 c 666 s 44; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998
c 260 s 1
A deposit made at an association in the name of a minor, or shares issued in a minor's name,
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
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 deposits or shares, or any part thereof, until a conservator
or guardian appointed for the minor has delivered a certificate of appointment to the depository.
History: 1985 c 292 s 3; 1988 c 666 s 44; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998
c 260 s 1
Official Publication of the State of Minnesota
Revisor of Statutes