115D-97. Contracts with unlicensed schools and evidences of indebtedness made null and void.
All contracts entered into by proprietary schools with students or prospective students, and all promissory notes or other evidence of indebtedness taken in lieu of cash payments by such schools shall be null and void unless such schools are duly licensed as required by this Article. (1957, c. 1000; 1961, c. 1175, s. 11; 1981, c. 423, s. 1; 1987, c. 442, s. 2; 1989 (Reg. Sess., 1990), c. 877, s. 9; 2011-21, s. 8.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 115D - Community Colleges
Article 8 - Proprietary Schools.
§ 115D-89.1 - State Board of Proprietary Schools.
§ 115D-89.2 - Office of Proprietary Schools; staff.
§ 115D-89.4 - Powers of the State Board of Proprietary Schools.
§ 115D-92 - Authority to establish fees; Commercial Education Fund established; refund of fees.
§ 115D-95.1 - Student Protection Fund.
§ 115D-96 - Operating school without license or bond made misdemeanor.
§ 115D-97 - Contracts with unlicensed schools and evidences of indebtedness made null and void.