Bill > HB2390

This bill establishes new regulations for contracts involving unemancipated minors in Arizona who perform artistic or creative services, which includes acting, singing, writing, and performing on online platforms, but excludes background performers or similar temporary work. Starting January 1, 2027, such contracts must be approved by a superior court to prevent the minor from later voiding the agreement, with the court considering the minor's residence, employment location, or a party's principal business location. A parent or guardian is generally considered the minor's representative in court proceedings unless the court appoints someone else. Crucially, employers must set aside fifteen percent of a minor's gross earnings, meaning the total compensation for their services, into a trust account for the minor's benefit. At least one parent or guardian will typically serve as the trustee of this trust, though the court can appoint someone else if it's in the child's best interest. The trustee is responsible for managing the trust, which has strict rules against withdrawals until the minor turns eighteen, is emancipated, or a court orders otherwise. The bill defines "financial institution" broadly to include banks, credit unions, and trust companies, and specifies how the trust funds can be invested. This legislation aims to protect the earnings of young performers by ensuring a portion is saved and managed responsibly.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/84151