Very interesting.
How are they going to handle their taxes?

I have seen schools form investment clubs, and they sometimes do quite well.
I do know that minors are not often allowed to enter into contracts, and
partnership agreements are considered contracts. I would cautions as to
whether this is a long term commitment on the part of the minor.

We have one member that wants to pass down his membership to his son in a
few years, but the son will be well over 18 when that occurs.

JM




-----Original Message-----
From: Ellen Gilmartin [mailto:failteg@bivio.com]
Sent: Wednesday, January 15, 2003 1:17 PM
To: club_cafe@bivio.com
Subject: club_cafe: Members Under the Age 18


My grandsons, who are both under the age of 18, have
recently become members of our Investment Club. They are 11
and 9 years old, and my daughter is their Custodiian.

Do my grandsons have a say in our voting process, even
though they just might, at this age, be influenced by my
daughter.

Any other information you can give me about minors under the
age of 18 as relates to an Investment Club, would be very
much appreciated.

Thank you,
Ellen
Laughingstocks IC