Section 14.43.140. Enforceability of certain contracts with minors.

Latest version.

A written obligation entered into by a minor at least 16 years of age, evidencing a loan or other assistance received by the minor from any person for the purpose of furthering the minor's education in a career education program or an institution of higher learning, is enforceable against the minor with the same effect as if the minor were, at the time of its execution, 18 years of age, if the person making the loan has before making the loan a certification from the institution that the minor is enrolled in the institution or has been accepted for enrollment.

Authorities

14.40.771

Notes

Implemented As

20 AAC 15.930

References

AS 14.40.771

History

(Sec. 1 ch 98 SLA 1971; am Sec. 19 ch 32 SLA 1997)

                    
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