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QUESTION

Can a minor be an executive if he has controlling interest in a corporation?

Asked on Dec 08th, 2012 on Corporate Law - Hawaii
More details to this question:
Can a person under 18, that has controlling interest or votes in a corporation, become or hire himself as an executive.
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1 ANSWER

Hilary B. Miller
Litigation Attorney serving Greenwich, CT
Partner at Hilary B. Miller
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It depends. In most states, there is no age limitation on service as a corporate officer. Any contract of employment that the minor makes with the corporation will be voidable.
Answered on Dec 09th, 2012 at 10:01 AM
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