HB 874: CHILD PERFORMERS; TRUST ACCOUNTS; THEATRICAL EMPLOYMENT; FIDUCIARY DUTY; PENALTIES

Establishes that for a minor in theatrical employment with a gross income of at least $5,000 on a project or $20,000 in a calendar year:  a parent or legal guardian of the minor is required to establish a trust account for the minor with an independent third-party trustee; and the employer of the minor is required to deposit a portion of the minor's earnings into the trust account until the minor becomes an adult.  Makes misappropriation or fraudulent use of funds within the trust account a breach of fiduciary duty subject to penalties.  (CD1)