Arizona § 6-432 - Effect of payment to minor or fiduciary
Full text of Arizona Arizona Revised Statutes § 6-432 — Effect of payment to minor or fiduciary, with citation guidance and answers to common questions.
§ 6-432. Effect of payment to minor or fiduciary
A. Unless the written agreement provides otherwise, or unless the association has had written notice of the terms under which a fiduciary holds an account, the association may pay the value thereof and dividends thereon:
1. To any minor who is the holder of such account.
2. To such fiduciary who is the holder of such account without becoming liable to any beneficiary for such payment.
B. In each of the foregoing instances the receipt or acquittance of the person or persons to whom payment is made in accordance with the provisions of this section shall be a complete discharge of the association's obligation as to the amount so paid.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-432
What does Arizona Revised Statutes § 6-432 cover?
Section 6-432 ("Effect of payment to minor or fiduciary") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. 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 Arizona § 6-432?
A common citation format is "Arizona Revised Statutes § 6-432" (Arizona). 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 Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-432 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona 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 Arizona.