A deed, security deed, bill of sale to secure debt, or any other conveyance of property or interest in property to or by a minor is voidable. If a minor has conveyed property or an interest in property, he may void the conveyance upon arrival at the age of majority; and, if he makes another conveyance at that time, it will void the first conveyance without reentry or repossession. If property or an interest in property has been conveyed to a minor and, after arrival at the age of majority, he retains the possession or benefit of the property or interest in property, he shall have thereby ratified or affirmed the conveyance.