New York Laws
Title 6 - Stockholders
6024 - Infant Securityholders.

§ 6024. Infant securityholders. 1. A corporation may treat an infant
who holds shares, capital notes or debentures of such corporation as
having capacity to receive and to empower others to receive dividends,
interest, principal and other payments and distributions, to vote or
express consent or dissent, in person or by proxy, and to make elections
and exercise rights relating to such shares, capital notes or
debentures, unless, in the case of shares, the corporate officer
responsible for maintaining the list of stockholders or the transfer
agent of the corporation or, in the case of capital notes or debentures,
the paying officer or agent has received written notice that such holder
is an infant.

2. An infant holder of shares, capital notes or debentures of a
corporation who has received or empowered others to receive payments or
distributions, voted or expressed consent or dissent, or made an
election or exercised a right relating thereto, shall have no right
thereafter to disaffirm or avoid, as against the corporation, any such
act on his part, unless prior to such receipt, vote, consent, dissent,
election or exercise, as to shares, the corporate officer responsible
for maintaining the list of stockholders or its transfer agent, or in
the case of capital notes or debentures, the paying officer or agent had
received written notice that such holder was an infant.

3. This section does not limit any other statute which authorizes any
corporation to deal with an infant or limits the right of an infant to
disaffirm his acts.

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