48.18 PLEDGES OR LIENS OF ASSETS SUBJECT TO PRIOR LIENS.
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/mn/chapter-48/48-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
48.18 PLEDGES OR LIENS OF ASSETS SUBJECT TO PRIOR LIENS.
No bank or trust company shall pledge or hypothecate or create a lien upon or charge against any of its assets subject to a prior lien, hypothecation, or charge.