Financial Code section 18318

Investment or thrift certificates may be issued to or in the name of a minor and as such shall be for the exclusive right and benefit of such minor and may be redeemed in whole or part by said minor or his order and payment so made is a valid release and discharge to the company for such payment.

Source: Section 18318, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18318. (updated Jan. 1, 1976; accessed Jun. 30, 2025).

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Up to date

Verified:
Jun. 30, 2025

§ 18318's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18318

Original Source: Section 18318, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18318. (last accessed May 12, 2025).