678.520 - Eligibility of minor; limitations. - Nevada Statutes

678.520  Eligibility of minor; limitations.

      1.  Shares may be issued to and deposits received from a minor and such minor may withdraw the shares and deposits, including the dividends and interest thereon. For purposes of making deposits, share investments and withdrawals a minor shall be deemed of legal age.

      2.  A minor under 16 years of age is not entitled to vote in the meeting of the members either personally or through his or her parent or guardian. A person may not become a director until he or she has reached the age of majority.

      (Added to NRS by 1975, 383)