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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 369

previous next Effective - 28 Aug 1983bottom

  369.239.  Association may accept pledge of borrower's account or other additional collateral. — As additional collateral security for a loan, an association may accept the assignment or pledge of the account or accounts of the borrower or of any other account owner, or additional collateral of any kind.

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(L. 1971 S.B. 3 § 47, A.L. 1983 H.B. 570)


---- end of effective   28 Aug 1983 ----

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