The credit union may receive payment on share and deposit accounts from a minor, who may withdraw monies from the accounts, including any dividends or interest on the accounts. Payments on the accounts by a minor and withdrawals by the minor are valid in all respects. For these purposes a minor is deemed of legal age.

Terms Used In Arizona Laws 6-555

  • Credit union: means a cooperative nonprofit association that is incorporated under this chapter for the purposes of encouraging thrift among its members and creating a source of credit and other financial services at fair and reasonable cost. See Arizona Laws 6-501
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Minor: means a person under eighteen years of age. See Arizona Laws 1-215
  Previous section
Next section  
 Article 6 Contents