Current as of April 27, 2021 | Updated by FindLaw Staff
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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 1 1/2 times the amount borrowed (except as otherwise authorized by the department).
Cite this article: FindLaw.com - Montana Title 32. Financial Institutions § 32-1-411. Extent assets may be pledged - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-32-financial-institutions/mt-code-ann-sect-32-1-411.html
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