§ 6-81-125 - Contractual capacity of students -- Minority defense. - Arkansas Statutes

6-81-125. Contractual capacity of students -- Minority defense.

(a) For the purpose of this subchapter, a student who is a qualified borrower is vested with full capacity to contract and is bound by any contract executed by him or her under the provisions of this subchapter.

(b) The fact that the student was a minor at the time he or she executed the note shall not be a defense in any action arising on the note.