45-2-1019 - Pledge of assets.
45-2-1019. Pledge of assets.
(a) A state trust company may not pledge or create a lien on any of its assets except:
(1) To secure the repayment of money borrowed;
(2) As specifically authorized or required by § 45-2-611; or
(3) By rules adopted under this chapter.
(b) An act, deed, conveyance, pledge, or contract in violation of this section is void.
[Acts 1999, ch. 112, § 10.]