T.C.A. § 47-12-107 - Continuing guaranty or suretyship agreements - Future obligations

Cite as:T.C.A. § 47-12-107
Currency:Current through Acts 2019-2020, ch. 810; and 2020 EX2, ch. 5
 
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(a) Notwithstanding any provision of law to the contrary, no continuing guaranty or suretyship agreement which guarantees the performance of all present and future obligations shall be enforceable against a surety unless the individual or organization agrees in writing to guarantee the future obligation; provided, that no additional writing or guarantee shall be required, at the time of the advance, for advances which are permitted pursuant to the terms of the gua...

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