Alabama § 8-6-92 - Liability of Bank, Transfer Agent, Etc., for Treating Minor as Having Capacity to Exercise Security Rights; Presumption That Holder Not Minor.
Full text of Alabama Code of Alabama § 8-6-92 — Liability of Bank, Transfer Agent, Etc., for Treating Minor as Having Capacity to Exercise Security Rights; Presumption That Holder Not Minor., with citation guidance and answers to common questions.
§ 8-6-92. Liability of Bank, Transfer Agent, Etc., for Treating Minor as Having Capacity to Exercise Security Rights; Presumption That Holder Not Minor.
(a) A bank, broker, issuer, third-party or transfer agent incurs no liability by reason of his treating a minor as having capacity to transfer a security, to receive or to empower others to receive dividends, interest, principal, or other payments or distributions, to vote or give consent in person or by proxy, or to make elections or exercise rights relating to the security unless prior to acting in the transaction the bank, broker, issuer, third-party or transfer agent had received written notice in the office acting in the transaction that the specific security is held by a minor.
(b) Except as otherwise provided in this article, such a bank, broker, issuer, third-party or transfer agent may assume without inquiry that the holder of a security is not a minor.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 8-6-92
What does Code of Alabama § 8-6-92 cover?
Section 8-6-92 ("Liability of Bank, Transfer Agent, Etc., for Treating Minor as Having Capacity to Exercise Security Rights; Presumption That Holder Not Minor.") 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 § 8-6-92?
A common citation format is "Code of Alabama § 8-6-92" (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 § 8-6-92 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.