Pledge of Assets

1. Law
2. Tennessee Code
3. Banks and Financial Institutions
4. Banking Institutions
5. Fiduciary Powers
6. Pledge of Assets

1. A state trust company may not pledge or create a lien on any of its assets except:
   1. To secure the repayment of money borrowed;
   2. As specifically authorized or required by § 45-2-611; or
   3. By rules adopted under this chapter.
2. An act, deed, conveyance, pledge, or contract in violation of this section is void.

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