129.020 - Disability of minority removed in connection with any transaction entered into pursuant to Servicemen’s Readjustment Act of 1944. - Nevada Statutes

129.020  Disability of minority removed in connection with any transaction entered into pursuant to Servicemen’s Readjustment Act of 1944.

      1.  The disability of minority of any person otherwise eligible for guaranty or insurance of a loan pursuant to the Servicemen’s Readjustment Act of 1944, as amended (38 U.S.C. §§ 3701 et seq.), and of the minor spouse of any eligible veteran, irrespective of his or her age, in connection with any transaction entered into pursuant to that Act, as amended, is hereby removed for all purposes in connection with such transactions, including, but not limited to, incurring of indebtedness or obligations, acquiring, encumbering, selling, releasing or conveying property or any interest therein, and litigating or settling controversies arising therefrom, if all or part of any obligations incident to such transaction are guaranteed or insured by the Secretary of Veterans Affairs pursuant to such Act.

      2.  This section must not be construed to impose any other or greater rights or liabilities than would exist if such person and such spouse were under no such disability.

      [1:24:1947; 1943 NCL § 6879.18]—(NRS A 1995, 1076)