RESTRICTIONS ON A MINOR’S DISPOSAL OF FUNDS DEPOSITED AT THEIR BANK ACCOUNT IN POLAND
RESTRICTIONS ON A MINOR’S DISPOSAL OF FUNDS DEPOSITED AT THEIR BANK ACCOUNT IN POLAND

Summary/Abstract: Minors are subject to special rules with regard to performing legal acts and participating in economic transactions. The purpose of this paper is to present restrictions imposed on persons under the age of 18 in Poland in terms of using a bank account. The secondary objective is to verify the ethical and legal justification of these restrictions. The study first presents the general principles of minors’ participation in economic transactions. Next, it presents the possibilities for a minor’s opening and maintaining a bank account. Finally, the issues of doing more than the acts of ordinary management in the management of funds by a minor (or his guardian) and the resulting limitations are discussed. The whole discussion closes with a short summary. The study uses the method of interpretation of the law in force. The analysis covers Polish legislation, judicial decisions, and the views of legal scholars and commentators.

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