If a financial institution is required or permitted to make payment pursuant to this chapter to a minor designated as a beneficiary, payment may be made pursuant to the Uniform Transfers to Minors Act.
Ala. Code § 5-24-25
Payment to Minor.
Known as the Uniform Multiple-Person Accounts Act
The act spans §§ 5-24-1 to 5-24-6 (22 sections).
(Acts 1997, No. 97-644, p. 1177, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.