§11406. Loans to minors
Notwithstanding any other law, if the borrower on a loan insured under this program is a minor, an otherwise valid note or other written agreement executed by the borrower for the purpose of the loan creates a binding obligation. [PL 1989, c. 698, §13 (RPR); PL 1989, c. 698, §76 (AFF).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW). PL 1983, c. 806, §83 (AMD). PL 1989, c. 698, §13 (RPR).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417: FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Subchapter 1: LOAN INSURANCE PROGRAMS
20-A §11401. General provisions
20-A §11402. Loan programs administered
20-A §11403. Student Loan Insurance Fund
20-A §11404. Additions to Student Loan Insurance Fund
20-A §11405. Powers and duties
20-A §11407. Authorization for Governor to request organizations to acquire loan notes