Mont. Code Ann. § 32-1-411
This is the official text of Mont. Code Ann. § 32-1-411, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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32-1-411 Extent assets may be pledged
Official statutory text
32-1-411 . 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 1 1/2 times the amount borrowed (except as otherwise authorized by the department).
Status: in_force · Read it on the official government site
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