(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 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.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 19 - Arkansas Student Loan Financing Act
§ 15-5-1904. Cash funds — Sufficient redemption fund required
§ 15-5-1905. Excess funds — Allowable investments
§ 15-5-1906. Trust indenture funds and accounts