422.418 Security interests: consolidations; open-end credit plans.
58 words·~1 min read·
/wi/chapter-422/422-418A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
422.418 Security interests: consolidations; open-end credit plans.
(1)The parties may agree in a consolidation agreement under s. 422.206 that the creditor may secure the consolidated obligation by a security interest in property in which the creditor has an existing security interest as a result of the prior transaction which is one of those agreed to become consolidated.