Section 48.18 Pledges or Liens of Assets Subject to Prior Liens
48.18 PLEDGES OR LIENS OF ASSETS SUBJECT TO PRIOR LIENS.
No bank or trust company shall pledge or hypothecate or create a lien upon or charge against any of its assets subject to a prior lien, hypothecation, or charge.
History:
(7699-16) 1927 c 257 s 3