The security agreement removes you as surety for the straw man?

by | Apr 22, 2008 | Q&A | 0 comments

Q: The SA gives you, the agent for the SP, a superior claim over the SD thereby removing you as Surety for the Strawman.


A: Not necessarily IF someone else has filed and or perfected their claim first. Otherwise yes. Now I ask you if you are the agent for the strawman as secured party and the strawman is a corporation owned by the state, who are you really working for and if you answer ‘the State’ then do you not see that as a problem? It begs another solution ;-).

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