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2018 Idaho Statutes
Title 26 - BANKS AND BANKING
Chapter 8 - LIMITATIONS ON BORROWING MONEY AND PLEDGING ASSETS
Section 26-805 - EXTENT ASSETS MAY BE PLEDGED.
Universal Citation: ID Code § 26-805 (2018)
26-805. EXTENT ASSETS MAY BE PLEDGED. 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 one and one-half (1 1/2) times the amount borrowed (except as otherwise authorized by the director).
History:
[26-805, added 1979, ch. 41, sec. 2, p. 96.]
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