SB 805 Allows minors to contract to open a bank account
Sponsor: Crawford
LR Number: 5431S.01I Fiscal Notes
Committee: Insurance and Banking
Last Action: 2/20/2018 - Hearing Conducted S Insurance and Banking Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2018

Full Bill Text | All Actions | Amendments/CCRs/CCSs | Available Summaries | Senate Home Page | List of 2018 Senate Bills

Current Bill Summary

SB 805 - Under this act, a minor who is 16 years or older and in the legal custody of the Children's Division may contract with a bank to open a checking or savings account. The minor shall be responsible for all costs and penalties associated with the account.

This act is substantially similar to a provision in the truly agreed to CCS/SB 819 (2018), a provision in the perfected HCB 11 (2018), and HB 1715 (2018).