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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