GroundRules
11 GCA § 106180: Pledge of Assets.
Where this section sits in the code
- Title 11: Finance and Taxation
- Division 4 - Banks and Banking
- Chapter 106: Banks
- ARTICLE 1: BANKING PRACTICES
- SUBARTICLE D: RESERVES, LOANS, INVESTMENTS AND MISCELLANEOUS
A bank may pledge its assets to:
(a) Enable it to act as agent for the sale of obligations of the United States.
(b) Secure borrowed funds.
(c) Secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by the laws of any state or territory.
Collected 2026-09-27T03:18:18Z. Source file · JSON