2005 Minnesota Statutes

     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.  

    HIST: 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