North Dakota § 15-52-21 Loan agreement - Suit - Defenses

North Dakota Statutes

§ 15-52-21 — Loan agreement - Suit - Defenses

North Dakota § 15-52-21

Title 15Education

Ch. 15-52State Medical Center

This text of North Dakota § 15-52-21 (Loan agreement - Suit - Defenses) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 15-52-21 (2026).

Text

Each applicant before being loaned any funds hereunder shall enter into a contract with the
university agreeing to the terms and conditions set forth in section 15-52-10 and sections
15-52-15 through 15-52-28 and rules and regulations promulgated thereunder. For the purposes
of section 15-52-10 and sections 15-52-15 through 15-52-28, the defenses of minority and of
the statutes of limitation are hereby removed as to any applicant granted a loan, and such
contracts are in all respects legal and binding. The university may sue in its own name any
applicant for any balance due on any such contract and is authorized to compromise or settle
litigation with respect to any such contract.

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Each applicant before being loaned any funds hereunder shall enter into a contract with the
university agreeing to the terms and conditions set forth in section 15-52-10 and sections
15-52-15 through 15-52-28 and rules and regulations promulgated thereunder. For the purposes
of section 15-52-10 and sections 15-52-15 through 15-52-28, the defenses of minority and of
the statutes of limitation are hereby removed as to any applicant granted a loan, and such
contracts are in all respects legal and binding. The university may sue in its own name any
applicant for any balance due on any such contract and is authorized to compromise or settle
litigation with respect to any such contract.