101 Minors and incapacitated adults

(1) Subject to subsection (2) and unless prohibited under a company‘s
memorandum or articles, a minor or an incapacitated adult may be a

member of a company.

(2) Where a company‘s memorandum or articles does not prohibit a minor
or incapacitated adult from being a member of a company, no shares shall
be issued to a minor or incapacitated adult unless one or more persons
(for the purposes of this section called a „representative“) are legally
entitled to, and are willing to, represent the interests of the minor or
incapacitated adult in respect of exercising any voting or other rights
attached to the shares for and on behalf of the minor or incapacitated
adult.

(3) Nothing in this section shall prevent shares in a company from being held
by a person in a trustee or guardian capacity as a member for and on
behalf of a minor or incapacitated adult.

(4) A representative, and a trustee or guardian under subsection (3), shall —

(a) not be a minor or an incapacitated adult; and

(b) act in the best interests of the minor or incapacitated adult.