Common Contracts
1 similar null contracts
Operating and Equipment Loans, Secured Creditors, and RepossessionJune 12th, 2003
Many farm operating and equipment loans include security agreements. These agreements cre- ate what the law calls a security interest in a debtor’s property and give the creditor the power to take possession of that property in case of a default. This chapter discusses the creation of se- curity interests, their effect on farm operations, and the rights of creditors to take possession of secured property.
