What's to consider if a shareholder is a minor?

If one of the shareholders involved in the company formation is a minor, a capital contribution is only possible with the restrictions mentioned below:

1. The shareholder is only invited to the business account in order to pay her/his part of the share capital, but she/he will not have access to the account.
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2. There is a family court authorisation stating that the legal representative(s) authorise the minor to act as shareholder.
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3. A function as future managing director of the company being formed is excluded until the minor reaches the age of majority, even if a family court authorisation exists in this respect.