TITLE 1: GOVERNMENT
DIVISION 7: PLANNING, BUDGETING AND AUDITING
§ 7724. Authorization to Pledge Assets. A bank may pledge its assets to: (a) Enable it to act as agent for the sale of obligations of the United States or Commonwealth; (b) Secure borrowed funds; and (c) Secure deposits when the depositor is required by law or agreement to obtain such security. Source: PL 4-33, § 4.