Section 622. Infant members

(a)  If the certificate of incorporation or the by-laws provide that a
  member shall be of full age:
    (1)  A  corporation  may  treat  an  infant  who  holds  a  membership
  certificate or card or capital certificate or a bond of such corporation
  as  having capacity to receive and to empower others to receive payments
  or distributions, to vote or express consent or dissent, in person or by
  proxy, and to make  elections  and  exercise  rights  relating  to  such
  certificates or bonds, unless, in the case of membership certificates or
  cards  or  capital  certificates,  the corporate officer responsible for
  maintaining the list or record of members or the transfer agent  of  the
  corporation or, in the case of bonds, the treasurer or paying officer or
  agent has received written notice that such holder is an infant.
    (2)  An  infant  holder of a membership certificate or card or capital
  certificate or a bond of a corporation who  has  received  or  empowered
  others  to receive payments or distributions, voted or expressed consent
  or dissent, or made an election or exercised a right  relating  thereto,
  shall  have  no  right  thereafter to disaffirm or avoid, as against the
  corporation, any such act on his part, unless  prior  to  such  receipt,
  vote,   consent,   dissent,  election  or  exercise,  as  to  membership
  certificates or cards or capital  certificates,  the  corporate  officer
  responsible  for  maintaining  the  list  or  record  of  members or its
  transfer agent or, in the case of bonds, the treasurer or paying officer
  or agent had received written notice that such holder was an infant.