Kentucky SB274 allows banks to pay minors for deposits made in their own names.
Kentucky SB274 amends the state's financial institutions law to allow banks to pay minors the amount deposited if the deposit is made in the minor's name. Previously, banks were restricted in how they could handle such deposits, but this bill removes those restrictions, enabling minors to access their deposited funds directly.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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