Idaho Statutes
§ 28-23-109 — GUARANTY AND SECURITY AGREEMENT PERSONAL ASSET LIMIT
Idaho·Title 28 COMMERCIAL TRANSACTIONS·Ch. 23 REPURCHASE OF FARM MACHINERY AND EQUIPMENT UPON TERMINATION OF CONTRACT
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.
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Idaho § 28-23-109 (GUARANTY AND SECURITY AGREEMENT PERSONAL ASSET LIMIT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[28-23-109, added 1975, ch. 97, sec. 9, p. 197.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONS