13-56-4. Power of minor to contract for student loan.
62 words·~1 min read·
/sd/title-13/chapter-13-56/13-56-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person otherwise qualified for a loan under the provisions of this chapter, shall not be disqualified by reason of his being a minor but shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of full age with respect to the planning for, receiving, and repaying such loan.