California Family Code 7052 – With respect to shares of stock in a domestic or foreign corporation …
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With respect to shares of stock in a domestic or foreign corporation held by an emancipated minor, a membership in a nonprofit corporation held by an emancipated minor, or other property held by an emancipated minor, the minor may do all of the following:
(a) Vote in person, and give proxies to exercise any voting rights, with respect to the shares, membership, or property.
Terms Used In California Family Code 7052
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes a natural person, firm, association, organization, partnership, business trust, corporation, limited liability company, or public entity. See California Family Code 105
- Property: includes real and personal property and any interest therein. See California Family Code 113
(b) Waive notice of any meeting or give consent to the holding of any meeting.
(c) Authorize, ratify, approve, or confirm any action that could be taken by shareholders, members, or property owners.
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)