3B:12-6. Circumstances under which money may be paid or personal property delivered.

   Any person under a duty to pay or deliver money or personal property to a minor may perform this duty, in amounts not exceeding $5,000.00 per annum, by paying or delivering the money or property to:

   a.   The minor, if married;

   b.   A parent or parents of the minor;

   c.   Any person having the care and custody of the minor with whom the minor resides;

   d.   A guardian of the person of the minor; or

   e.   A financial institution incident to a deposit in a federally insured savings account in the sole name of the minor and giving written notice of the deposit to the minor.

   Amended 2005, c.304, s.6.