Financial Code section 1400

A bank account by or in the name of a minor shall be held for the exclusive right and benefit of such minor and shall be paid to such minor or to his order and payment so made is a valid release and discharge to the bank for such deposit or any part thereof.

Source: Section 1400, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1400. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 1400’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_1400

Original Source: Section 1400, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=1400. (last accessed May 12, 2025).