Legal Question in Banking Law in New York

What is the law position in the State of New York regarding a minor opening a bank account?

Asked on 6/10/13, 8:40 am

1 Answer from Attorneys

Locksley Wade Law Office of Locksley O. Wade
0 users found helpful
0 attorneys agreed

A bank account is a contractual obligation. Contractual obligations are not enforceable against minors. Therefore, banks are under no obligation to open a bank account with a minor.

Read more
Answered on 6/10/13, 8:50 am

Related Questions & Answers

More Banking Law questions and answers in New York

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Banking Law Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Glen AshmanAshman Law OfficeAtlanta, GA
Barry SteinDe Cardenas, Freixas, Stein & ZacharyMiami, FL
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now