2012 New York Consolidated Laws
BSC - Business Corporation
Article 6 - (601 - 630) SHAREHOLDERS
625 - Infant shareholders and bondholders.

 
  § 625. Infant shareholders and bondholders.
    (a) A  corporation  may  treat  an infant who holds shares or bonds 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
  or  bonds,  unless,  in  the  case  of  shares,  the  corporate  officer
  responsible for maintaining the list of  shareholders  or  the  transfer
  agent  of  the  corporation  or,  in the case of bonds, the treasurer or
  paying officer or agent has received written notice that such holder  is
  an infant.
    (b) An  infant  holder  of  shares  or  bonds 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
  shareholders or its transfer  agent  or,  in  the  case  of  bonds,  the
  treasurer or paying officer had received written notice that such holder
  was an infant.
    (c) 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.