Industrial and Commercial Development Corporation Act
11. Powers of guarantee, etc.
11. Powers of guarantee, etc.
The power of the Corporation to guarantee, or become liable by way of suretyship or indemnity for, the payment of money, or the performance of any contracts or obligations, shall be limited to the extent that the aggregate amount remaining undischarged under all liabilities by way of guarantee, suretyship or indemnity assumed by the Corporation shall not at any time exceed the value, as determined by the Minister responsible for finance from time to time, of the assets of the Corporation available for meeting that aggregate amount.Source: Kenya Law