Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 10 - Savings and Loan Associations, 58-10-1 through 58-10-111. > Section 58-10-59 - Savings accounts of minors.

Section 58-10-59 - Savings accounts of minors.

58-10-59. Savings accounts of minors.

Any association operating under the Savings and Loan Act [58-10-1 NMSA 1978], and any federal savings and loan association doing business in this state, may accept savings accounts in the name of a minor or in the name of two or more persons, one or more of whom are minors, and pay the account to the order of the minor or minors as if they were of full age.