SB106 Alabama 2019 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Andrew JonesSenator
Republican
Session: Regular Session 2019
Title: Age of majority, members of Armed Forces, may open checking or savings account, Sec. 26-1-5 am'd.
Summary: SB 106 treats members of any branch of the United States Armed Forces as adults for banking contracts and sets 17 as the age of majority for college-level educational loan contracts in Alabama.
What This Bill Does
For banking contracts, including loans and opening checking or savings accounts, it declares that a member of any U.S. armed forces is deemed to have reached the age of majority and may remain so even after leaving the service; contracts cannot be voided solely because of the member's age, though banks may verify service with a valid Uniformed Services ID. For educational loans, it sets the age of majority to 17 for contracting within Alabama. The act specifies how and when these changes take effect and may require in-person verification of service in some cases.

Who It Affects
Members of any branch of the United States Armed Forces, who would be treated as adults for banking contracts and would retain that status even after leaving the military
Banks, credit unions, and similar savings and loan institutions, which must recognize service members as adults for contracts and may verify service
Students seeking college-level or higher educational loans in Alabama, who would have a 17-year-old majority for loan contracts

Key Provisions
Amends Section 26-1-5 to treat members of the U.S. Armed Forces as having reached the age of majority for banking contracts, including loans and opening accounts, with continued majority even after service ends, and prohibits contracting parties from rescinding or voiding contracts solely due to age
Allows banks or lenders to require in-person verification of military status using a valid United States Uniformed Services Privileges and Identification Card
For educational loans, establishes that the age of majority for contracting purposes within Alabama is 17 years
Specifies the act's effective date as the first day of the third month after its passage and approval

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Banks and Banking