Common Contracts
2 similar null contracts
To ensure your information is saved correctly, we recommend you save the form to your desktop before you start completing the required fields.March 16th, 2020
An unlimited liability loan trust means the loan agreement does not limit the trustees’ liability to repay the loan to the value of the trust fund at the time the loan repayment is demanded. So, if the value of the trust fund was less than the outstanding value of the loan at the time repayment is requested, the trustees may need to cover the shortfall from their personal assets.
To ensure your information is saved correctly, we recommend you save the form to your desktop before you start completing the required fields.March 16th, 2020
An unlimited liability loan trust means the loan agreement does not limit the trustees’ liability to repay the loan to the value of the trust fund at the time the loan repayment is demanded. So, if the value of the trust fund was less than the outstanding value of the loan at the time repayment is requested, the trustees may need to cover the shortfall from their personal assets.
