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FAQs

I am negotiating a loan from the bank and the bank wishes to take a “general security agreement” from my corporation. What is a general security agreement?

In these circumstances, a general security agreement would be an interest in all of the corporation’s personal property (personal property is property of all types except real estate) that will stand as security for any obligations the corporation owes to the bank.

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Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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