13-56-4. Power of minor to contract for student loan.
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.
Source: SL 1966, ch 210, §7; SL 1972, ch 154, §4.
Structure South Dakota Codified Laws
Chapter 56 - Higher Education Loan Guaranty Program
Section 13-56-2 - Administration of past agreements of Board of Regents.
Section 13-56-3 - Acceptance of federal and other funds--Administration of federal program.
Section 13-56-4 - Power of minor to contract for student loan.
Section 13-56-5 - Public credit not pledged for student loan program.
Section 13-56-6 - Records, accounting, and reports--Rules and regulations.
Section 13-56-7 - Citation of chapter.
Section 13-56-9 - Recipients ineligible for physician tuition reimbursement program.