Browse Arkansas Code titles and sections
23-47-509. Loans to minors.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-47-509. Loans to minors.
Whenever a minor borrows money from a bank for the purpose of defraying the expenses of his or her higher education or for necessaries, any contract, promissory note, loan agreement, or other loan instrument entered into by and between the bank and the minor shall constitute a valid contract between the bank and the minor and shall be binding upon the minor with like effect as if he or she were of full age and legal capacity.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-47-509
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-47-509
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6e71eecf9b05f098c802ea47fd39ce1a6a46aef056fce5629ceaccc89d624a23
Source location: content.xml paragraph 22909
Stored source content
23-47-509. Loans to minors.
Whenever a minor borrows money from a bank for the purpose of defraying the expenses of his or her higher education or for necessaries, any contract, promissory note, loan agreement, or other loan instrument entered into by and between the bank and the minor shall constitute a valid contract between the bank and the minor and shall be binding upon the minor with like effect as if he or she were of full age and legal capacity.
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