TITLE 30
Military Affairs and Defense
CHAPTER 30-19
Capacity of Minor Veterans
SECTION 30-19-1
§ 30-19-1 Obtaining federal loans.
Every minor of sane mind whether or not under guardianship by reason of
minority who under the provisions of federal law is eligible for housing loans
may with the same force, effect, and validity as if that minor were eighteen
(18) years of age with full legal capacity enter into, make, swear to, or
affirm, execute, acknowledge, and deliver any and all mortgages of real and
personal property, notes, and bonds secured by mortgage and other instruments
of mortgage and any and all contracts, agreements, notes, bonds, obligations,
covenants, warranties, affidavits, and vouchers which may be requisite,
necessary, desirable, or incident to obtaining any loan guaranteed in part or
in full under the provisions of federal law or to obtaining any loan, guaranty,
or other benefit thereunder; and with like force, effect, and validity may
contract for and purchase real and personal property and pay the consideration
therefor in all cases in which part or all of the purchase price consists of
the proceeds of a loan guaranteed in part or in full under the provisions of
federal law.
History of Section.
(P.L. 1945, ch. 1583, § 1; G.L. 1956, § 30-19-1; P.L. 1987, ch. 54,
§ 1.)
