SB 384
Modifies the law relating to personal guarantee loans
Sponsor:
LR Number:
1819S.01I
Committee:
Financial and Governmental Organizations and Elections
Last Action:
3/11/2013 - Hearing Conducted S Financial and Governmental Organizations and Elections Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2013

Current Bill Summary

SB 384 - This act bars lenders from enforcing loan contracts for a business that contains a personal guarantee with respect to a party that has sold the business to another party, after 5 years from the sale.

CHRIS HOGERTY

Amendments