Alabama § 8-6-94 - Right of Minor to Receive Dividends, Etc.
Full text of Alabama Code of Alabama § 8-6-94 — Right of Minor to Receive Dividends, Etc., with citation guidance and answers to common questions.
§ 8-6-94. Right of Minor to Receive Dividends, Etc.
A minor may receive in his own right dividends or other moneys in respect to any securities standing in his name on the books of a corporation, bank, or business trust, and such receipt shall constitute a valid and sufficient release and discharge of the corporation, bank, or business trust for such dividends or other moneys paid to such minor, notwithstanding that the corporation, bank, or business trust may have actual or written notice of the minority of such person.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 8-6-94
What does Code of Alabama § 8-6-94 cover?
Section 8-6-94 ("Right of Minor to Receive Dividends, Etc.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 8-6-94?
A common citation format is "Code of Alabama § 8-6-94" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 8-6-94 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.