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.
S.D. Codified Laws § 13-56-4
Power of minor to contract for student loan
Known as the Higher Education Loan Program Guarantee Act
The act spans §§ 13–13 (9 sections).
Source: SL 1966, ch 210, § 7; SL 1972, ch 154, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.