Minors and Married Women

(a)Every association, in addition to being entitled to issue shares and investment certificates to adults, firms or corporations, shall also have power to issue one or more shares investment certificates to a minor of any age and receive payments thereon by or for such minor. Such minor shall be entitled to withdraw, transfer or pledge any such shares or certificates owned by him and to receive from such association any and all dividends, interest or other moneys at any time becoming due thereon in the same manner and subject to the same conditions as an adult, and his receipt or acquittance therefor shall constitute a valid release and discharge to the association for the payment of such money.

(b)Every association shall have power to issue shares and investment certificates to or in the name of a married woman and to receive payments thereon by or for such person. Such shares or certificates shall be held by such married woman for the exclusive right and benefit of such person free from the control or lien of all other persons except creditors.

(c)Such shares or certificates may, subject to the provisions this act in respect of withdrawals generally, be withdrawn by and the dividends or interest accruing thereon may be paid to the person in whose name such shares or certificates are issued, notwithstanding coverture, and the receipt or acquittance of such person shall be a valid and sufficient COL4122017 CH. 127 MISCELLANEOUS PROVISIONS AFFECTING INVESTORS release and discharge to the association for such withdrawals or payments, or any part thereof.