§ 115D-97. Contracts with unlicensed schools and evidences of indebtedness made null and void.
89 words·~1 min read·
/nc/chapter-115d/115d-97A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 115D-97. Contracts with unlicensed schools and evidences of indebtedness made null and void.
All contracts entered into by proprietary schools with students or prospective students, and all promissory notes or other evidence of indebtedness taken in lieu of cash payments by such schools shall be null and void unless such schools are duly licensed as required by this Article. (1957, c. 1000; 1961, c. 1175, s. 11; 1981, c. 423, s. 1; 1987, c. 442, s. 2; 1989 (Reg. Sess., 1990), c. 877, s. 9; 2011-21, s. 8.)