Mass. Gen. Laws ch. 190B, § 5-102 Facility of Payment Or Delivery

• Library: General Laws of Massachusetts
• Edition: 2023
• Currency: Current through Chapter 87 of the 2023 Legislative Session
• Year: 2023
• Citation: Mass. Gen. Laws ch. 190B, § 5-102

(a) Any person under a duty to pay or deliver money or personal property to a minor may perform the duty, in amounts not exceeding $5,000 a year, by paying or delivering the money or property to:

(1) the minor;

(2) any person having the care and custody of the minor with whom the minor resides;

(3) a guardian of the minor;

(4) a custodian under the uniform transfers to minors act or a custodial trustee under the uniform custodial trust act; or

(5) a financial institution as a deposit in a state or federally insured interest bearing account or certificate in the sole name of the minor with notice of the deposit to the minor.

(b) If the person making payment or delivery knows that a conservator has been appointed or proceedings for appointment of a conservator of the estate of the minor are pending, the person may make payment or delivery only to the conservator.