Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 5/45.1

(205 ILCS 5/45.1) (from Ch. 17, par. 356)

Sec. 45.1.

Accounts for minors.

A state bank may accept deposits made by a minor and may open an account
in the name of such minor and the rules and regulations of such bank with
respect to each such deposit and account shall be as binding upon such
minor as if such minor were of full age and legal capacity. The receipt,
acquittance or order of payment of such minor on such account or deposit or
any part thereof shall be as binding upon such minor as if such minor were
of full age and legal capacity.

(Source: Laws 1965, p. 2020.)