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Can you summarize KYRS 286.3-380?

Banks and Trust Companies > Deposits by minors.

Short Summary

When any deposit is made by a minor, in his name, the bank may pay to him the amount deposited. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 591. Formerly codified as KRS 287.380. Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.

Jurisdiction

Kentucky

Source
KYRS 286.3-380 [https://reggi.cloud.regology.com/regulations/US-KYRS/US-KYRS_T_XXV_C_286_SC_3_S_380]