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 Section 81-27-5.301, or by rules or regulations adopted under this article. An act, deed, conveyance, pledge, or contract in violation of this section is void. Laws, 1998, ch. 437, § 1, eff. 7/1/1998.
Mississippi Legal Code