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.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.