ACCOUNT OF MINORS AND PROTECTED MAJORS Sample Clauses

ACCOUNT OF MINORS AND PROTECTED MAJORS. 4.2.1. Account open to a minor Any request to subscribe, modify and close an account of a minor shall be made by their legal representative. The bank account opened to a minor may not be opened in the form of a joint account. It may not give rise to the issue of any power of attorney. Any deposit made on the account of the minor Client enters into their assets and is therefore subject to the legal regime of the property of minors. The legal representative is entitled to act on behalf of the minor and may operate the account and services under this Agreement until the minor reaches the age of majority. On the 18th birthday of the minor Client or in the case of empowerment, the different accounts and services will work under their sole signature. In the event of a debit balance, the Bank may require the minor’s legal representative to cover the debit balance. This Agreement is concluded for an indefinite period. It may be terminated at any time, either at the initiative of the legal representative or at the initiative of the Bank under the terms of Article 13 of this Agreement.
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