Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-74 Deposits of minors

§ 6.1-74. Deposits of minors

Whenever any deposit shall be made in any bank by or in the name of any infant or minor, such deposit shall be held for the exclusive right and benefit of such minor, free from the control of all persons whomsoever, except creditors, and shall be paid with interest, if any be due thereon, to the person in whose name the deposit shall have been made, and the check, order or receipt of such infant or minor shall be a good and sufficient release and discharge for such deposit to the bank.

(Code 1950, § 6-56; 1966, c. 584.)

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Last modified: April 2, 2009