OTHER MATTERS RELATING TO SHARES 109 
6. A company does not run any practical risk in issuing 
dividend warrants to a member, though he may be an infant. 
7. A transfer of shares by an infant is voidable. It is 
advisable to refuse to accept a transfer by a shareholder known 
to be an infant; but if the company registers such a transfer 
to an adult it cannot go behind it. 
8. An infant holder of partly paid shares is liable for calls 
unless and until he repudiates the shares. 
The allotment of shares to an infant is dealt with in Chapter 
VI