Pledge of Assets

4 CMC § 6549 — under Retail Banking Practices.

4 CMC § 6549

TITLE 4: ECONOMIC RESOURCES

DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS

§ 6549. Pledge of Assets. A bank may pledge its assets to: (a) Enable it to act as agent for the sale of obligations of the United States. (b) Secure borrowed funds. (c) Secure deposits. Source: PL 3-104, § 648.