Banks Act, 1990 (Act No. 94 of 1990)Chapter IX : General Provisions87. Minors and married women as depositors |
| (1) | Notwithstanding anything to the contrary contained in any law or the common law, and unless otherwise provided in the memorandum of incorporation of a bank, a minor over the age of 16 years or a married woman, whether or not under marital power, may be a depositor with a bank and may without the consent or assistance of his guardian or her husband, as the case may be, execute all necessary documents, give all necessary acquittances and cede, pledge, borrow against, and generally deal with, his or her deposit as he or she thinks fit, and shall enjoy all the privileges and be liable to all the obligations and conditions applicable to depositors. |
[Section 87(1) substituted by section 44 of Act No. 22 of 2013]
| (2) | The husband of a woman who is a depositor with a bank shall, save with her written consent, not be entitled to demand or receive from the bank any particulars concerning the deposits she holds with that bank. |
[Section 87(2) amended by section 25(b) of Act No. 9 of 1993]