EXTENT ASSETS MAY BE PLEDGED.

  1. Law
  2. Idaho Code
  3. BANKS AND BANKING
  4. LIMITATIONS ON BORROWING MONEY AND PLEDGING ASSETS
  5. EXTENT ASSETS MAY BE PLEDGED.

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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).

History:

[26-805, added 1979, ch. 41, sec. 2, p. 96.]


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