§ 13-504. Release of financial institution

Latest version.

The receipt or acquittance of any minor who is the sole owner of or is a party to any account with the right to withdraw funds in a financial institution, as defined in § 13-301(h) of this title is a valid and sufficient release and discharge of the institution for any payment to the minor on any such account.

HISTORY: An. Code 1957, art. 93A, § 503; 1974, ch. 11, § 2; 2000, ch. 61, § 7.

                    
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