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(a) 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.
(b) An act, deed, conveyance, pledge, or contract in violation of this section is void.
Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-2-1019 - last updated January 01, 2020 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-2-1019/
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