{"data":{"id":"us-ar/ark.-code-ann.-23-47-509","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-47-509","heading":"Loans to minors","body":"Whenever a minor borrows money from a bank for the purpose of defraying the expenses of his or her higher education or for necessaries, any contract, promissory note, loan agreement, or other loan instrument entered into by and between the bank and the minor shall constitute a valid contract between the bank and the minor and shall be binding upon the minor with like effect as if he or she were of full age and legal capacity.","path":["AR Code","Title 23","Chapter 47","Subchapter 5"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"acf051b03fba29251598e486aaaa100bc758de5ee94601ef8654d1c6d46641b2","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-47-508","next":"us-ar/ark.-code-ann.-23-47-510"},"notice":"GroundRules: Original legal text. Not legal advice."}