Indiana Statutes

§ 21-16-3-1 — Student legal capacity to contract

Indiana·Title 21 HIGHER EDUCATION·Art. 16 EARN INDIANA PROGRAM; STUDENT LOANS;·Ch. 3 Minors; Legal Capacity to Contract for Guaranteed

A student who enters into a contract for a loan to finance a college education or who borrows money to defray the expense of attending any postsecondary educational institution:

(1)has full legal capacity to act in the student's own behalf in this transaction; and
(2)is subject to any obligation that arises from the contract. [Pre-2007 Higher Education Recodification Citation: 20-12-21.3-1.]

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Legislative History

As added by P.L.2-2007, SEC.257.

Nearby Sections

15
§ 21-12-1-1
Definitions
§ 21-12-1-11
"Fund"
§ 21-12-1-12
Repealed
§ 21-12-1-13
"Program"
§ 21-12-1-14
"Scholarship"
§ 21-12-1-2
"Academic term"
§ 21-12-1-3
"Academic year"
§ 21-12-1-4
"Active duty"
§ 21-12-1-4.5
"Adult student grant"
§ 21-12-1-6
"Commission"
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