Statutes > Idaho Statutes > TITLE 28 COMMERCIAL TRANSACTIONS > CHAPTER 23 REPURCHASE OF FARM MACHINERY UPON TERMINATION OF CONTRACT > 28-23-109 GUARANTY AND SECURITY AGREEMENT PERSONAL ASSET LIMIT.

28-23-109 GUARANTY AND SECURITY AGREEMENT PERSONAL ASSET LIMIT.

TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 23

REPURCHASE OF FARM MACHINERY UPON TERMINATION OF CONTRACT

28-23-109. Guaranty and security agreement personal asset limit. 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.