State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-43_5

§53‑43.5.  Minors' deposits and safe‑deposit agreements.

(a)        Deposits. – A bank,including an industrial bank, may operate a deposit account in the name of aminor or in the name of two or more persons, one or more of whom are minors,with the same effect upon its liability as if such minors were of full age.This section shall not affect the law governing transactions with minors incases outside the scope of this section.

(b)        Dealings withMinor. – A bank, including an industrial bank, may lease a safe‑depositbox to and in connection therewith deal with a minor with the same effect as ifleasing to and dealing with a person of full legal capacity. This section shallnot affect the law governing transactions with minors in cases outside thescope of this section.

(c)        Safe‑DepositAgreements. – An institution, including an industrial bank, may rent a safe‑depositbox or other receptacle for safe deposit of property to, and receive propertyfor safe deposit from, a married minor and spouse, whether adult or minor,jointly. This section shall not affect the law governing transactions withminors in cases outside the scope of this section. (1967, c. 789, s. 7; 1981, c.599, s. 17.)