Elawyers Elawyers
Ohio| Change

Shahriar v. Molthen, 2:16-cv-02863-JAM-CKD. (2018)

Court: District Court, E.D. California Number: infdco20180817894 Visitors: 22
Filed: Aug. 14, 2018
Latest Update: Aug. 14, 2018
Summary: ORDER GRANTING MOTION FOR APPROVAL OF MINOR'S COMPROMISE; AND ORDER TO DEPOSIT MONEY INTO BLOCKED ACCOUNT JOHN A. MENDEZ , District Judge . On June 22, 2018, Plaintiffs filed a Motion to Approve the Minor's Compromise for minor Plaintiff E.H. The proceeds of the settlement for the minor E.H. will be deposited in a blocked account in a financial institution of this state, pursuant to California Probate Code section 3611(b), or (d). IT IS HEREBY ORDERED that Plaintiffs, motion to approve th
More

ORDER GRANTING MOTION FOR APPROVAL OF MINOR'S COMPROMISE; AND

ORDER TO DEPOSIT MONEY INTO BLOCKED ACCOUNT

On June 22, 2018, Plaintiffs filed a Motion to Approve the Minor's Compromise for minor Plaintiff E.H. The proceeds of the settlement for the minor E.H. will be deposited in a blocked account in a financial institution of this state, pursuant to California Probate Code section 3611(b), or (d).

IT IS HEREBY ORDERED that Plaintiffs, motion to approve the minor's compromise is GRANTED on the terms set forth herein.

IT IS FURTHER ORDERED that the settlement proceeds belonging to Plaintiff E.H., a minor, be promptly deposited in an interest-bearing, federally insured blocked account in a financial institution of this state. The account shall indicate the full name of said minor Plaintiff. The total amount authorized for deposit is: Two Thousand dollars ($2,000.00). No withdrawals of principal or interest shall be made from the blocked account without a written order of this court under this case name and number, sighed by a judge. If an emergency withdrawal is needed to care for the minor, then both parents (Hasan Shahriar and Newshaba Mustafi) must jointly petition this court for such withdrawal. When the minor attains the age of 18 years, the depository financial institution, without further order of this court, is authorized and directed to pay by check or draft directly to the former minor, upon proper demand, all moneys deposited under this order, including such interest that has accrued thereon. The money on deposit is not subject not escheat.

IT IS FURTHER ORDERED that, along with the deposit made pursuant to this order, a copy of this order shall be provided to the depository financial institution in which the funds are deposited. Within 15 days after deposit of the funds, Plaintiffs' counsel shall file the depository financial institution's signed acknowledgment of receipt of both this order and the funds. A form of acknowledgment is attached hereto for that purpose.

RECEIPT AND ACKNOWLEDGMENT OF ORDER FOR THE DEPOSIT OF MONEY INTO BLOCKED ACCOUNT

1. I acknowledge receipt of the Order to Deposit Money into Blocked Account signed by Honorable Judge JOHN A. MENDEZ, a copy of which is attached hereto.

2. The account described, below in which funds have been deposited under the court's order is a federally insured blocked account.

3. Name and title on account:

Account number: Date account opened: Amount of initial deposit: Present balance: Name of Financial institution: Branch: Address:

I certify that I am authorized to execute this receipt and acknowledgment, and that no withdrawal of principal and interest from this account will be permitted without a signed court order under this case number, bearing the seal of this court, or the date on which the minor named on the account reached the age of 18 years, which ever occurs first.

Source:  Leagle

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer