Vermont § 14206 - Deposits of minors; exemption from trustee process
Full text of Vermont Vermont Statutes Online § 14206 — Deposits of minors; exemption from trustee process, with citation guidance and answers to common questions.
§ 14206. Deposits of minors; exemption from trustee process
- (a) Payment. The governing body of a financial institution, in its discretion, may accept deposits
from a minor and may pay to a minor such sum as is deposited to the credit of such
person, and is due, as if such minor were of age. The check and receipt or acquittance
of such minor shall be a full discharge for the amount for which it is given. (b) Minor’s deposits exempt from trustee process. A financial institution shall not be chargeable as trustee on account of funds deposited
to the credit of a minor, provided such funds are earned by or belong to such minor. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 14206
What does Vermont Statutes Online § 14206 cover?
Section 14206 ("Deposits of minors; exemption from trustee process") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 14206?
A common citation format is "Vermont Statutes Online § 14206" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 14206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.