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Arthashastra

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अप्राप्त व्यवहाराणां देय विशुद्धं मातृ बन्धुषु ग्राम वृद्धेषु वा स्थापयेयुः आ व्यवहार प्रापणात्, प्रोषितस्य वा ॥

These shares of the minors shall be placed in the safe custody of the relatives of their mothers, or of aged gentlemen of the village, till they attain their majority. The same rule shall hold good in the case of those who have gone abroad.

english translation