DIVISION 1.1. BANKING 1000-1910›CHAPTER 12. Deposits 1400-1440›ARTICLE 1. Depositors 1400-1415

§ 1400

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

A bank account by or in the name of a minor shall be held for the exclusive right and benefit of such minor and shall be paid to such minor or to his order and payment so made is a valid release and discharge to the bank for such deposit or any part thereof.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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California Financial Code

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