Commentary to article 25. The right of minors to make deposits in banks and dispose of deposits of the Civil Code of the Republic of Kazakhstan
The commented article distinguishes between making deposits in banks: a) by the minor himself and in his own name; b) by some other person in the name of the minor.
Paragraph 1 of the commented article provides for the right of minors, regardless of their age, to make deposits in banks and manage them independently, i.e. without the consent of their legal representatives, other persons and organizations.
Paragraph 2 of the commented article talks about the consequences of someone making a contribution in the name of a minor. In this case, the procedure for disposing of the deposit differs depending on whether the minor has reached the age of 14 or not.
If the contribution is made in the name of a minor not by the minor himself, but by another person, then only a minor who has reached the age of 14 can manage the contribution independently. If the minor has not reached the specified age, the contribution is managed by his parents or other legal representatives, regardless of who, except the minor himself, made the contribution.
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The commentary was prepared within the framework of the scientific and practical research program of the Scientific Research Center of Private Law of the Kazakh State Law University.
Head of the working group on the preparation of the draft Civil Code of the Republic of Kazakhstan, Corresponding Member of the Academy of Sciences of the Republic of Kazakhstan, Professor Suleimenov M.K.
Deputy head Professor Basin Yu.G.
