Statutes > Alabama Statutes > Title 5 — BANKS AND FINANCIAL INSTITUTIONS. > Chapter 24 — UNIFORM MULTIPLE-PERSON ACCOUNTS ACT. > Section 5-24-25 Payment to minor.

Section 5-24-25 Payment to minor.

Section 5-24-25

Payment to minor.

If a financial institution is required or permitted to make payment pursuant to this chapter to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act.

(Acts 1997, No. 97-644, p. 1177, §1.)