A. When any judgment is granted to a minor or when any monies are recovered in any Court proceeding by a next friend or guardian ad litem for or on behalf of a minor in excess of one thousand dollars ($1000.00) over sums allowed for paying costs and expenses including medical bills and attorney's fee, the assigned judge entering such judgment or order shall immediately transfer the case to the Probate Division.

B. The money shall be deposited in accordance with Title 12 O.S. Section 83. The journal entry or order shall specify the amount to be deposited and the name of the bank or savings and loan institution in which the monies are to be deposited.

C. It shall be the duty of the person depositing the judgment proceeds in the institution to obtain a receipt for the deposit and to file the receipt in the case within the time stated in the order, and deliver a file-stamped copy to the assigned judge.