Guam § 127103 - Minors and Married Women.

§ 127103. 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in respect of withdrawals generally, be withdrawn by and the dividends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

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release and discharge to the association for such withdrawals or

payments, or any part thereof.