32-1-411. Extent assets may be pledged.
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/mt/title-32/chapter-1/part-4/32-1-411·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-1-411 . Extent assets may be pledged. 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).