Sec. 903. APPROVAL OF CERTAIN CONTRACTS OF MINORS; NOT VOIDABLE

(a) A court, on petition of the guardian of the estate of the minor, may enter an order approving for purposes of this subpart an arts and entertainment contract, advertisement contract, or sports contract that is entered into by a minor. The court may approve the contract only after the guardian of the minor's estate provides to the other party to the contract notice of the petition and an opportunity to request a hearing in the manner provided by the court.

(b) The approval of a contract under this section extends to the contract as a whole and any of the terms and provisions of the contract, including any optional or conditional provision in the contract relating to the extension or termination of its term.

(c) A court may withhold approval of a contract under which part of the minor's net earnings under the contract will be set aside as provided by Section 904 of this code until the guardian of the minor's estate executes and files with the court written consent to the making of the order.

(d) An otherwise valid contract approved under this section may not be voidable solely on the ground that it was entered into by a person during the age of minority.

(e) Each parent of the minor is a necessary party to a proceeding brought under this section.

Added by Acts 2001, 77th Leg., ch. 799, Sec. 1, eff. Sept. 1, 2001.