California · Family Code
FAM §7052: 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 em
What this law says, in plain English
This statute addresses legal rights regarding stock shares, nonprofit memberships, and other property owned by emancipated minors.
Read the full statutory text
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. (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.
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.