Idaho Code § 26-805

Current through the 2024 Regular Session
Section 26-805 - 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 one and one-half (1 1/2) times the amount borrowed (except as otherwise authorized by the director).

Idaho Code § 26-805

[26-805, added 1979, ch. 41, sec. 2, p. 96.]