Sec. 8.
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.
History: 1960, Act 77, Imd. Eff. Apr. 25, 1960 ;-- Am. 1972, Act 26, Imd. Eff. Feb. 19, 1972
Structure Michigan Compiled Laws
Chapter 390 - Universities and Colleges
Act 77 of 1960 - Michigan Higher Education Assistance Authority (390.951 - 390.961)
Section 390.951 - Michigan Higher Education Assistance Authority; Creation.
Section 390.952 - Appointment and Qualifications of Members of Authority.
Section 390.953 - Higher Education Assistance Authority; Term of Office, Removal.
Section 390.954 - Higher Education Assistance Authority; Vacancies, Appointment, Removal.
Section 390.955 - Quorum; Rules.
Section 390.955a - Conducting Business at Public Meeting; Notice.
Section 390.956 - Higher Education Assistance Authority; Compensation, Expenses.
Section 390.957 - Powers of Authority.
Section 390.957a - Repealed. 2006, Act 425, Eff. Oct. 1, 2007.
Section 390.957b - Repealed. 2008, Act 103, Eff. Oct. 1, 2008.
Section 390.958 - Loans to Minors.
Section 390.959 - Higher Education Assistance Authority; Gift Tax, Deductible.