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§ 103. Minor's rights

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 70 P.S. Securities

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 70 P.S. Securities (Refs & Annos)
Chapter 2. Uniform Securities Ownership by Minors Act
70 P.S. § 103
§ 103. Minor's rights
A minor, who has transferred a security, received or empowered others to receive dividends, interest, principal, or other payments or distributions, voted or given consent in person or by proxy, or made an election or exercised rights relating to the security, has no right thereafter, as against a bank, broker, issuer, third party, or transfer agent to disaffirm or avoid the transaction, unless prior to acting in the transaction the bank, broker, issuer, third party or transfer agent against whom the transaction is sought to be disaffirmed or avoided had received notice in the office acting in the transaction that the specific security is held by a minor or unless an individual conducting the transaction for the bank, broker, issuer, third party, or transfer agent had actual knowledge of the minority of the holder.

Credits

1961, Sept. 29, P.L. 1736, No. 704, § 3, imd. effective.
70 P.S. § 103, PA ST 70 P.S. § 103
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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