New Jersey § 17:12b-81
Full text of New Jersey New Jersey Statutes § 17:12b-81, with citation guidance and answers to common questions.
§ 17:12b-81.
Minors may be members and shall be entitled to all of the rights and privileges and
subject to all of the duties and liabilities of membership to the same extent as persons
over the age of 21 years. A minor may endorse for credit to his account with an association checks and other
instruments for the payment of money which are payable to him or to his order. The association shall pay any moneys to the credit of such an account, from time
to time to, or pursuant to the order of, such minor. In all transactions with respect to such an account the minor shall, as between
himself and the association, be deemed to be the absolute owner and to be of full
age and legal capacity. A minor shall also be permitted to obtain a loan from an association secured by
a pledge of his account. In all transactions with respect to such an account loan, as defined in section
5 of this act, 1 the minor shall, as between himself and the association, be deemed to be the absolute
owner and to be of full age and legal capacity. No minor shall be entitled to vote until he shall have attained the age of 16 years. This section shall also apply to all Federal associations having their principal
offices in this State to the extent that the section is not in conflict with Federal
laws, rules and regulation. 1
N.J.S.A. § 17:12B-5.
Frequently Asked Questions About New Jersey § 17:12b-81
What does New Jersey Statutes § 17:12b-81 cover?
Section 17:12b-81 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 17:12b-81?
A common citation format is "New Jersey Statutes § 17:12b-81" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-81 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.