14-10.2 Uniform Minor Student Capacity to Borrow Act
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<![CDATA[CHAPTER 14-10.2UNIFORM MINOR STUDENT CAPACITY TO BORROW ACT14-10.2-01. Definitions. As used in this chapter:1."Educational institution" means a university, college, community college, junior<br>college, high school, technical, career and technical education or professional<br>school, or similar institution, wherever located, approved or accredited by the<br>appropriate official, department, or agency of this state for the purposes of this<br>chapter, or by the appropriate official, department, or agency of the state in which<br>the institution is located.2."Educational loan" means a loan or other aid or assistance for the purpose of<br>furthering the obligor's education at an educational institution.3."Person" means individual, corporation, limited liability company, government or<br>governmental subdivision or agency, business trust, estate, trust, partnership or<br>association, or any other legal entity.14-10.2-02. Limited removal of disability of minors. Any written obligation signed bya minor sixteen or more years of age in consideration of an educational loan received by the<br>minor from any person is enforceable as if the minor was an adult at the time of execution, but<br>only if prior to the making of the educational loan an educational institution has certified in writing<br>to the person making the educational loan that the minor is enrolled, or has been accepted for<br>enrollment, in the educational institution.14-10.2-03.Application and construction.This chapter must be so applied andconstrued as to effectuate its general purpose to make uniform the law with respect to the subject<br>of this chapter among those states which enact it.14-10.2-04.Short title.This chapter may be cited as the Uniform Minor StudentCapacity to Borrow Act.Page No. 1Document Outlinechapter 14-10.2 uniform minor student capacity to borrow act]]>