GroundRules
32-1-411: Extent assets may be pledged.
Where this section sits in the code
- TITLE 32. FINANCIAL INSTITUTIONS
- CHAPTER 1. BANKS AND TRUST COMPANIES
- Part 4. Operation and Regulation
No bank, banker, or bank officer shall, except as otherwise authorized by law, pledge or hypothecate as collateral security for money borrowed its assets in a ratio exceeding 1 1/2 times the amount borrowed (except as otherwise authorized by the department).
Collected 2026-09-14T04:51:49Z. Source file · JSON