Legislation
SECTION 281
Loans and extensions of credit to infants
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 5, PART 2
§ 281. Loans and extensions of credit to infants. A contract hereafter
made by an infant after he has attained the age of sixteen years in
relation to obtaining a loan or extension of credit from an institution
of the university of the state of New York in connection with such
infant's attendance upon a course of instruction offered by such
institution, or from a bank, trust company or national bank having a
principal, branch or trust office in this state for the purpose of
defraying all or a portion of the expenses of such infant's attendance
upon a course of instruction in an institution of the university of the
state of New York or any other institution for higher education without
this state which is a member of or accredited by an accrediting agency
recognized by the department, may not be disaffirmed by him on the
ground of infancy.
made by an infant after he has attained the age of sixteen years in
relation to obtaining a loan or extension of credit from an institution
of the university of the state of New York in connection with such
infant's attendance upon a course of instruction offered by such
institution, or from a bank, trust company or national bank having a
principal, branch or trust office in this state for the purpose of
defraying all or a portion of the expenses of such infant's attendance
upon a course of instruction in an institution of the university of the
state of New York or any other institution for higher education without
this state which is a member of or accredited by an accrediting agency
recognized by the department, may not be disaffirmed by him on the
ground of infancy.