BANKS AND BANKING
CHAPTER 8
LIMITATIONS ON BORROWING MONEY AND PLEDGING ASSETS
26-805. 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 one and one-half (1 1/2) times the amount borrowed (except as otherwise authorized by the director).
BANKS AND BANKING
CHAPTER 8
LIMITATIONS ON BORROWING MONEY AND PLEDGING ASSETS
26-805. 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 one and one-half (1 1/2) times the amount borrowed (except as otherwise authorized by the director).
BANKS AND BANKING
CHAPTER 8
LIMITATIONS ON BORROWING MONEY AND PLEDGING ASSETS
26-805. 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 one and one-half (1 1/2) times the amount borrowed (except as otherwise authorized by the director).
