Attorney General Opinion No. 1988-066
Author | : Robert T. Stephan |
Publisher | : |
Total Pages | : |
Release | : 1988 |
ISBN-10 | : OCLC:824564701 |
ISBN-13 | : |
Rating | : 4/5 (01 Downloads) |
Download or read book Attorney General Opinion No. 1988-066 written by Robert T. Stephan and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: To ensure good banking practices, the banking code establishes limitations on lending to any one person, copartnership, association or corporation. No distinction is made between limited and general partnerships. In determining the limitation of liability to a bank of a limited or general partnership, the bank must consider the total liability of the partnership to the bank, plus the liability of the partner having the greatest debt to the bank in comparison to the other members. Cited herein: K.S.A. 1987 Supp. 9-1104, 56-1a101(g).