N.Y. Not-for-Profit Corporation Law § 622: Infant members

§ 622. Infant members.

(a) If the certificate of incorporation or the by-laws provide that a

member shall be of full age:

(1) A corporation may treat an infant who holds a membership

certificate or card or capital certificate or a bond of such corporation

as having capacity to receive and to empower others to receive payments

or distributions, to vote or express consent or dissent, in person or by

proxy, and to make elections and exercise rights relating to such

certificates or bonds, unless, in the case of membership certificates or

cards or capital certificates, the corporate officer responsible for

maintaining the list or record of members 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.

(2) An infant holder of a membership certificate or card or capital

certificate or a bond 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 membership

certificates or cards or capital certificates, the corporate officer

responsible for maintaining the list or record of members or its

transfer agent or, in the case of bonds, the treasurer or paying officer

or agent had received written notice that such holder was an infant.