QUESTION
Need nonprofit corp bank account for a minor.
Asked on Oct 06th, 2015 on Business Law - California
More details to this question:
Have went to many banks, all said there is no way for a minor to be a signer on a non profit business account, is this true in any bank? I am president of my nonprofit and would like to be the signer.
1 ANSWER
Business Transactions Attorney serving Los Angeles, CA
at
Doland & Fraade
Update Your Profile
No one can answer for "every" bank. A contract or other legal instrument signed by a minor can be made voidable. That's why no bank wants to open your account (nor will any creditor want to accept a check or contract signed by a minor.) This applies for non-profit as well as for-profit.
Answered on Oct 07th, 2015 at 10:27 AM