(a) Any bank, savings bank, savings institution or trust company may receive money on deposit from or in the name of any minor. When any deposit of money shall be made by or in the name of any minor with any bank, savings bank, savings institution or trust company in this State, the same shall be held for the benefit of the depositor, in the same way and to the same extent as if the depositor were an adult person. The minor depositor may make drafts or withdrawals of his deposits, and the deposits shall be paid, together with the dividends and interest thereon, to the person in whose name the deposit shall have been made, or upon his or her written order. The receipt or acquittance of a minor shall be a valid and sufficient release and discharge to the bank, savings bank, savings institution or trust company for the deposit, or any part thereof.
(b) Any bank, savings bank, savings institution or trust company shall have the right to refuse any deposit offered by or in the name of a minor.
(c) Any minor depositing money with a bank, savings bank, savings institution or trust company shall be subject, in all transactions connected therewith, as between himself or herself and the bank, savings bank, savings institution or trust company, to all the obligations, equities and defenses to which an adult person would be subject in similar transactions.
Structure Delaware Code
Chapter 9. REGULATIONS GOVERNING BUSINESS OF BANKS AND TRUST COMPANIES
Subchapter I. General Provisions
§ 901. Corporate charter to do business as bank or trust company.
§ 902. Certificate required to transact business or open place of business.
§ 903. Issuance of certificate to transact business.
§ 904. Reports to Commissioner.
§ 905. Reports by national banks, federal savings associations and out-of-state banks.
§ 906. Failure to make reports; penalty.
§ 908. Value at which assets shall be carried on books.
§ 908A. Bank distinct from bank insurance department or division.
§ 910. Investment limitations.
§ 911. Ownership of real estate used for transaction of business.
§ 912. Limitations upon loans on security of and purchase of own capital stock.
§ 913. Authority of national bank to act as fiduciary.
§ 914. Appointment of trust company as trustee.
§ 916. Preference of funds held on deposit.
§ 918. Limitations on pledging or hypothecating assets.
§ 923. Deposits in names of two or more persons.
§ 924. Bank deposit accounts in trust form.
§ 927. Penalty for false statements regarding financial condition.
§ 929. Tying arrangements prohibited.
§ 930. Right of cancellation of certain insurance.
§ 930A. Mandatory disclosure in bank insurance policies.
§ 931. Employee retirement pensions for savings banks and savings societies.
§ 932. Loans and securities insured by Federal Housing Administrator.
§ 933. Prize linked savings programs.
§ 936. International banking facilities.
§ 938. Transfer of fiduciary accounts.
§ 939. Negotiable instruments.
§ 940. Self-analysis privilege for depository institutions and affiliates.