Idaho Code 26-805 – Extent Assets May Be Pledged
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Terms Used In Idaho Code 26-805
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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).