Section 10Payment of deposits to minor or guardian

Section 10: Payment of deposits to minor or guardian

10. Payment of deposits to minor or guardian

Any deposit made by, [or on behalf of, a minor], may be paid to him personally, if he made the deposit, or to his guardian [for the use of such minor], if the deposit was made by any person other than the minor, together with the interest accrued thereon.

The [receipt of the minor] or guardian, for money paid to him under this section, shall be a sufficient discharge therefor.

Amendment notes (3)
  1. Subs w.e.f. 1-4-2018 . Subs. by Act 13 of 2018, s. 126, for d"or on behalf of, any minor" (w.e.f. 1-4-2018).
  2. Subs w.e.f. 1-4-2018 . Subs. by s. 126, ibid., for "for his use" (w.e.f. 1-4-2018).
  3. Subs w.e.f. 1-4-2018 . Subs. by s. 126, ibid., for "receipt of any minor" (w.e.f. 1-4-2018).