17-5803. Payment to minor or married woman is valid discharge of association.

17-5803

Chapter 17.--CORPORATIONS
Article 58.--SAVINGS AND LOAN CODE; MISCELLANEOUS

      17-5803.   Payment to minor or married woman is valid discharge of association. Any payment or delivery of rights, to any minor or any married woman, or a receipt or an assignment, or acquittance signed by a minor or married woman, who holds shares, shall be valid and sufficient release and discharge of an association for any payment on shares or delivery of rights, to such minor or married woman.

      History:   L. 1943, ch. 133, § 206; July 1.