2-3707. Effect of late payment or default.
2-3707
2-3707. Effect of late payment or default.
Neither the state nor the state treasurer shall be liable to
any eligible lending
institution in any manner for payment of the principal or interest on a
remediation linked deposit
loan pursuant to K.S.A. 2-3701 through 2-3714, and amendments
thereto. Any delay in
payments or default on the part of an
eligible person does
not in any manner affect the remediation linked deposit agreement between the
eligible lending
institution and the state treasurer.
History: L. 2000, ch. 82, § 7; July 1.