§ 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.