Mich. Comp. Laws § 390.958

Current through Public Act 171 of the 2024 Legislative Session
Section 390.958 - Loans to minors

Any person otherwise qualifying for a loan shall not be disqualified to receive a loan guaranteed by the authority by reason of his being a minor. For the purpose of applying for, receiving and repaying a loan, any person 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 thereto.

MCL 390.958

1960, Act 77, Imd. Eff. 4/25/1960 ;--Am. 1972, Act 26, Imd. Eff. 2/19/1972 .