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Minor as company CEO or Director

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tradex

Junior Member
What is the name of your state? WY

WY corporation folks could not answer my question and I could not find any helpful info as for this. Can a minor/infant be the CEO or a Director of a corporation?

TIA
 


seniorjudge

Senior Member
Q: WY corporation folks could not answer my question and I could not find any helpful info as for this. Can a minor/infant be the CEO or a Director of a corporation?

A: Yes. They just can't sign anything or be responsible for anything.
 

JETX

Senior Member
tradex said:
Can a minor/infant be the CEO or a Director of a corporation?
Yes.

WYOMING BUSINESS CORPORATION ACT
17_16_802. Qualifications of directors.
The articles of incorporation or bylaws may prescribe qualifications for directors. A director need not be a resident of this state or a shareholder of the corporation unless the articles of incorporation or bylaws so prescribe.

http://legisweb.state.wy.us/statutes/titles/17Title17_2006.htm#677

And contrary to the opinion of SJ... if the corporation articles or bylaws authorize that minor to sign on behalf of the corporation, he CAN "sign anything or be responsible for anything" done in his 'official duties'.
 

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