17:9A-215. Minors' deposit accounts
109 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-215A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Deposits may be made with a banking institution by or in the name of a minor. A minor may endorse and deposit to the credit of his account with a banking institution checks and other instruments for the payment of money which are payable to him or to his order. Moneys to the credit of such an account shall be subject to withdrawal by the minor by checks or other instruments for the payment of money. In all transactions with respect to such an account a minor shall, as between himself and the banking institution, be deemed to be of legal age.
L.1948, c. 67, p. 350, s. 215.