There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 3. Banks and Trust Companies
286.3.385 Educational loans to minors -- Validity.
Download pdfeducational purposes, the disabilities of nonage of minors are removed for all purposes,
whether male or female. Any minor is authorized to make and execute any and all
promissory notes, contracts, or other instruments necessary to be executed by him in order
to borrow money for his own higher educational purposes, and such promissory notes,
contracts, or other instruments shall have the same force and effect as though they were
the obligations of persons over the age of their majority. Any promissory note, contract,
or other instrument entered into by any such person pursuant to the provisions of this
section shall have the approval of the parent or guardian of such minor and of the
financial officer of the institution of higher learning. Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 196, sec. 14, effective July 15, 1998. -- Created 1964 Ky. Acts ch. 185, sec. 1. Formerly codified as KRS 287.385.
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the
Kentucky Financial Services Code, KRS Chapter 286.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.