N.Y. EDN Law § 681
This is the official text of N.Y. EDN Law § 681, part of New York’s EDN Law — part of the compiled statutory law of New York, published by the state as "EDN Law." Browse the sections below, each linked to its official government source.
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Capacity of minors
Official statutory text
§ 681. Capacity of minors. Any person otherwise qualifying for a loan\nfrom the corporation, or qualifying for a loan guaranteed by the\ncorporation, shall not be disqualified by reason of his being under the\nage of eighteen years and for the purposes of applying for, receiving\nand repaying such a loan any such person shall be deemed to have full\nlegal capacity to act; provided, however, that the signature of both\nparents of an applicant not meeting emancipated status requirements\nshall be required for the purposes of receiving such a loan unless the\npresident determines in accordance with rules and regulations to be\npromulgated by the board that unusual family circumstances preclude the\navailability of such signatures.\n
Status: in_force · Read it on the official government site
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