Idaho Code 28-23-109 – Guaranty and Security Agreement Personal Asset Limit
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 28-23-109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: includes a corporation as well as a natural person;
Idaho Code 73-114
No party or person signing a security agreement or guaranty agreement with a manufacturer, distributor or wholesaler, shall be required to pledge or encumber its or his personal assets in a value in excess of the amount of the indebtedness secured.