§ 81-27-5.402. Pledge of asset

MS Code § 81-27-5.402 (2019) (N/A)
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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.