law: Co-Operative Societies Act 2008 
  118.
  
  Receipt of deposits from minors
  1.      A society may receive
  
  deposits from a minor and pay to such minor such deposit together with the
  
  interest accrued thereon.
  2.      Any deposit made on
  
  behalf of a minor may, together with any interest accrued thereon, be paid to
  
  the parent of the minor or, where the minor is under the care of a guardian, to
  
  such guardian for the use of the minor.
  3.      For the purposes of
  
  this section the mother of a minor born out of wedlock is the guardian of such
  
  minor, except where-
  a.     
  
    there
  
  is subsisting a court order depriving her of the custody of such minor, in
  
  which case the guardian shall be the person named in the court order; or
  b.    
  
    the
  
  minor customarily resides with some person other than the mother in which case
  
  that person shall be the guardian.
  1.      
  2.      
  3.      
  4.      In paragraph (b) of
  
  subsection (3) “customarily resides with” includes “is under the care of”.
  5.      The receipt of a
  
  minor or his parent or guardian, as the case may be, for money received under
  
  this section shall be a good and sufficient discharge of the liability of the
  
  society in respect of that money.
  6.      Where a person under
  
  a legal disability, other than minority, is entitled to receive money from a
  
  society such money may be paid by the society to the Registrar of the High
  
  Court to the credit of such person under such disability; and the receipt of
  
  the Registrar of the High Court or of the person under disability, as the case
  
  may be, shall be a good and sufficient discharge of the liability of the
  
  society to pay that money.
  7.      The Registrar of the
  
  High Court may retain out of any money so paid to him a sum not exceeding one
  
  percent thereof for fees of office and shall pay or apply the remainder to or
  
  for the care, maintenance, education or benefit of such person under
  
  disability.