Missouri Laws 369.239 – Association may accept pledge of borrower’s account or other additional ..
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Missouri Laws 369.239
- Account: the monetary interest of the owner thereof in the deposit capital of an association and consists of the withdrawal value of such interest. See Missouri Laws 369.014
- Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014
As additional collateral security for a loan, an association may accept the assignment or pledge of the account or accounts of the borrower or of any other account owner, or additional collateral of any kind.