Kentucky HB804 allows banks to pay minors the amount deposited in their name.
Kentucky HB804 amends the Kentucky Revised Statutes to allow banks to pay minors the amount deposited in their name. This change clarifies that when a minor makes a deposit, the bank is permitted to pay out the deposited amount directly to the minor.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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