State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167D > Section7

Section 7. Any bank or federally-chartered bank having funds on deposit in the name of a minor may, unless in violation of a written agreement to which such bank or federally chartered bank is a party, pay the same in whole or in part directly to such minor, to his legal representative, to either parent of such minor or to others on his written order; and any such payments shall discharge the liability of such bank or federally chartered bank to all persons to the extent of such payment.

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167D > Section7

Section 7. Any bank or federally-chartered bank having funds on deposit in the name of a minor may, unless in violation of a written agreement to which such bank or federally chartered bank is a party, pay the same in whole or in part directly to such minor, to his legal representative, to either parent of such minor or to others on his written order; and any such payments shall discharge the liability of such bank or federally chartered bank to all persons to the extent of such payment.


State Codes and Statutes

State Codes and Statutes

Statutes > Massachusetts > PARTI > TITLEXXII > CHAPTER167D > Section7

Section 7. Any bank or federally-chartered bank having funds on deposit in the name of a minor may, unless in violation of a written agreement to which such bank or federally chartered bank is a party, pay the same in whole or in part directly to such minor, to his legal representative, to either parent of such minor or to others on his written order; and any such payments shall discharge the liability of such bank or federally chartered bank to all persons to the extent of such payment.