AN ACT relating to financial institutions.

SB 255 amends Kentucky law (KRS 286.3-380) to replace gendered language ("him or her") with gender-neutral terms when describing payments to minors from bank deposits. This change directly affects financial institutions in Kentucky that handle deposit accounts for minors. The bill updates an existing statute to use inclusive language, ensuring the law applies equally regardless of gender. It does not alter any financial procedures or requirements, only the wording of the existing provision. The bill is currently pending in the Senate Banking & Insurance Committee.