2006 Alabama Code - Section 10-6-2 — Infant not entitled to disaffirm as against corporation without notice of infancy.

An infant holder of stock or other securities of a corporation, having voted or given consent in respect thereto, having transferred or conveyed such stock or securities or having made an election or exercised a right relating to any such stock or security, 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 or consent, the making of such election or the exercise of such right, the corporation had written notice of the infancy by delivery to it or to its transfer agent of a written notice stating that such holder was an infant.

(Acts 1957, No. 546, p. 766, §2.)