Texas § 184.402 PLEDGE OF ASSETS.

Texas Statutes

§ 184.402 — PLEDGE OF ASSETS.

Texas § 184.402

Code FIFinance Code

This text of Texas § 184.402 (PLEDGE OF ASSETS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 184.402 (2026).

Text

Sec. 184.402. PLEDGE OF ASSETS.

(a)A state trust company may not pledge or create a lien on any of its assets except to secure:

(1)the repayment of money borrowed;

(2)trust deposits as specifically authorized or required by:

(A)Section 184.301 ;

(B)Title 9, Property Code; or

(C)rules adopted under this chapter; or

(3)deposits made by:

(A)the United States;

(B)a state, county, or municipality; or

(C)an agency of the United States or a state, county, or municipality.

(b)An act, deed, conveyance, pledge, or contract in violation of this section is void.

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Sec. 184.402. PLEDGE OF ASSETS. (a) A state trust company may not pledge or create a lien on any of its assets except to secure:
(1) the repayment of money borrowed;
(2) trust deposits as specifically authorized or required by:
(A) Section 184.301 ;
(B) Title 9, Property Code; or
(C) rules adopted under this chapter; or
(3) deposits made by:
(A) the United States;
(B) a state, county, or municipality; or
(C) an agency of the United States or a state, county, or municipality.
(b) An act, deed, conveyance, pledge, or contract in violation of this section is void.