44-140.01. Educational loan; enforceable; prerequisites
78 words·~1 min read·
/az/title-44/44-140-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any written obligation signed by a minor sixteen 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, but only 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.