Minors and married women; payment as valid discharge of association.
1. Any savings and loan association and any federal savings and loan association operating in this state may issue savings accounts or investment certificates to minors with the written consent of their parents, trustees or guardians, and to married women, each in their own right.
2. Any payment thereon, or delivery thereof, or of any rights thereunder, to a minor of the age of 14 years or over, or to a married woman, or a receipt or acquittance signed by the minor and parent, trustee or guardian or by a married woman who holds such savings accounts or investment certificates, is a valid and sufficient release and discharge of the association for any such payment or delivery.
Last modified: February 26, 2006