Section 23-51-133 - Pledge of assets

A state trust company may not pledge or create a lien on any of its assets except to secure the repayment of money borrowed or as specifically authorized or required by § 23-51-130, or by rules adopted under this chapter. An act, deed, conveyance, pledge, or contract in violation of this section is void.Amended by Act 2019, No. 315,§ 2588, eff. 7/24/2019.Acts 1997, No. 940, § 33.