673.340 - Minors and married persons; payment as valid discharge of association. - Nevada Statutes

673.340  Minors and married persons; payment as valid discharge of association.

      1.  Any savings and loan association and any federal savings and loan association operating in this state may issue savings accounts or investment certificates to minors with the written consent of their parents, trustees or guardians, and to married persons, each in their own right.

      2.  Any payment thereon, or delivery thereof, or of any rights thereunder, to a minor of the age of 14 years or over, or to a married person, or a receipt or acquittance signed by the minor and parent, trustee or guardian or by a married person who holds such savings accounts or investment certificates, is a valid and sufficient release and discharge of the association for any such payment or delivery.

      [1:116:1939; 1931 NCL § 974.10]—(NRS A 1977, 497)