LeaseSmart Inc (fka LSMJ)

[surfkast]

I especially like this paragraph citing liability:

Counsel for STAMP, Inc. has reviewed the language contained in the current Medallion Program Documents and determined that no changes are necessary to accommodate the Project. Furthermore, STAMP, Inc. is aware of a landmark case involving inappropriate documents contained in a “legal transaction”. The Transfer Agent clearly erred in its examination and acceptance of supporting documents and a wrongful transaction resulted. Regardless, a claim against the Guarantor was made. After review and discussion with its Surety Company, the Guarantor acknowledged its responsibility and paid the claim, in full. This case did not involve a legal judgement and does not constitute precedence. However, it is a clear indication of the effectiveness of Section 8-306 of the Code and Medallion Guarantee Program Documents.