Michigan § 600.1404 - Educational loans; definitions; minors, enforceability.
Full text of Michigan Michigan Compiled Laws § 600.1404 — Educational loans; definitions; minors, enforceability., with citation guidance and answers to common questions.
§ 600.1404. Educational loans; definitions; minors, enforceability.
As used in this section:
"Person" means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity.
"Educational institution" means a university, college, community college, junior college, high school or technical, vocational or professional school, wherever located, approved or accredited by the state department of education for the purposes of this section, or by the appropriate official, department or agency of the state in which the institution is located.
"Educational loan" means a loan or other aid or assistance for the purpose of furthering the obligor's education at an educational institution.
Any written obligation signed by a minor 18 or more years of age in consideration of an educational loan received by him from any person is enforceable as if he were an adult at the time of execution if prior to the making of the educational loan, an educational institution has certified in writing to the person making the educational loan that the minor is enrolled, or has been accepted for enrollment, in the educational institution.
Frequently Asked Questions About Michigan § 600.1404
What does Michigan Compiled Laws § 600.1404 cover?
Section 600.1404 ("Educational loans; definitions; minors, enforceability.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 600.1404?
A common citation format is "Michigan Compiled Laws § 600.1404" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 600.1404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.