Payment of debt owed to minor; delivery of minor's property in
possession of another; use of payment or property
Sec. 1. (a) Any person indebted to a minor or having possession
of property belonging to a minor in an amount not exceeding ten
thousand dollars ($10,000) may pay the debt or deliver the property
without the appointment of a guardian, giving of bond, or other order
of court directly to any person having the care and custody of the
minor with whom the minor resides.
(b) Persons receiving property for a minor under this section are
obligated to apply the property to the support, use, and benefit of the
minor.
(c) This section does not apply if the person paying or delivering
the property knows that a guardian has been appointed for the minor
or that proceedings for appointment of a guardian for the minor are
pending.
(d) A person who pays or delivers property in accordance with
this section in good faith is not responsible for the proper application
of that property.
As added by P.L.169-1988, SEC.1. Amended by P.L.264-1989,
SEC.4; P.L.42-1998, SEC.3; P.L.252-2001, SEC.26.
Last modified: May 27, 2006