§ 5103. Sequestered deposit
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 5103
§ 5103. Sequestered deposit
Without the appointment of a guardian, any amount in cash of a resident or nonresident minor may be ordered by the court to be deposited in one or more savings accounts in the name of the minor in banks, building and loan associations or savings and loan associations insured by a Federal governmental agency, provided that the amount deposited in any one such savings institution shall not exceed the amount to which accounts are thus insured. Every such order shall contain a provision that no withdrawal can be made from any such account until the minor attains his majority, except as authorized by a prior order of the court.
Credits
1974, Dec. 10, P.L. 867, No. 293, § 8, imd. effective.
20 Pa.C.S.A. § 5103, PA ST 20 Pa.C.S.A. § 5103
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |