Louisiana Statutes
§ 6:622 — Pledge of assets
Louisiana·Title 6 Banks and Banking
A trust company may not pledge or create a lien on any of its assets except to secure the repayment of money borrowed or authorized or required by this Chapter or by rules adopted under this Chapter. An act, deed, conveyance, pledge, or contract in violation of this Section is void.
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Legislative History
Acts 2003, No. 573, §1, eff. June 27, 2003.
Nearby Sections
15
§ 6:601
§ 6:601§ 6:602
Other real estate§ 6:611
§ 6:611§ 6:613
Subsidiaries§ 6:614
Mutual funds§ 6:621
§ 6:621§ 6:622
Pledge of assets§ 6:623
Fiduciary responsibility§ 6:624
Reports of apparent crime§ 6:625
Out-of-state activities§ 6:626
Out-of-state trust companies§ 6:641
§ 6:641