Texas Finance Code
§ 184.402 — PLEDGE OF ASSETS
FI § 184.402Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 184. INVESTMENTS, LOANS, AND DEPOSITS · Art. E. LIABILITIES AND PLEDGE OF ASSETS
Statute text
View on source(a)A state trust company may not pledge or create a lien on any of its assets except to secure:
(1)the repayment of money borrowed;
(2)trust deposits as specifically authorized or required by:
(A)Section 184.301;
(B)Title 9, Property Code; or
(C)rules adopted under this chapter; or
…
Legislative history
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.