1161.33 Transactions with minors.
1161.33 Transactions with minors.
A savings bank may do all of the following:
(A) Issue stock to minors and receive deposits thereon;
(B) Permit these stock and deposits to be withdrawn, transferred, pledged, and voted by the minors in the same manner as other stock and stock deposits;
(C) Receive deposits of money by or for minors and pay them to the minors or upon their order. The receipt or paid order of the minor therefor shall be an acquittance of the rights of all concerned.
Effective Date: 10-23-1991