442.100. Disability of minority removed to enable veterans to acquire or convey property. - Missouri Statutes

Disability of minority removed to enable veterans to acquire or conveyproperty.

442.100. 1. The disability of minority of any person not under theage of eighteen otherwise eligible for guaranty of loan pursuant to theServicemen's Readjustment Act of 1944, as amended, and of the spouse ofsuch person, is hereby removed solely for the purposes of acquiring orencumbering, or selling and conveying property and the incurring ofindebtedness or obligations incident to either or both, or the refinancingthereof, and litigating or settling controversies arising therefrom, if allor part of the obligations incident to such transaction be guaranteed bythe administrator of veterans' affairs pursuant to such act and anapplication signed by such minor, or if the property is covered by a loanso guaranteed; provided, nevertheless, that sections 442.090 to 442.120shall not be construed to impose any other or greater rights or liabilitiesthan would exist if such person and such spouse were each above the age oftwenty-one years.

2. Any person who signs any deed of trust, mortgage, contract,agreement, conveyance or other instrument in writing for the purposesrequired by the provisions of the Servicemen's Readjustment Act of 1944, asamended, if under the age of twenty-one years but not under the age ofeighteen years when such instrument is executed, shall not have the rightto repudiate the written obligation so made upon reaching the age oftwenty-one years for the reason that he or she was under the age oftwenty-one years when signing such instrument.

3. Any instrument executed prior to the effective date of sections442.100 to 442.120* by a person in obtaining guaranty of a loan pursuant tothe Servicemen's Readjustment Act of 1944, as amended, only who is underthe age of twenty-one years but not under the age of eighteen years whensigning such instrument is hereby validated, ratified and confirmed.

(L. 1945 p. 1182 § 2, A.L. 1999 H.B. 136 merged with S.B. 188)

*Effective date of §§ 442.100 to 442.120 was July 24, 1945.