What is the Coogan law as it applies to minors?

Rating: +0

Positive Negative

According to California State Law, all parents whose children work in the entertainment industry are required to open a Coogan account. It is mandatory that parents put 15% or their child’s gross earnings into this bank account where it will essentially be the separate property of the child rather than that of the parents. Parents cannot touch the money without a court order or until the child is eighteen.

http://www.sag.org/node/554