369.239. Association may accept pledge of borrower's account or other additional collateral.

Association may accept pledge of borrower's account or otheradditional collateral.

369.239. As additional collateral security for a loan, anassociation may accept the assignment or pledge of the account oraccounts of the borrower or of any other account owner, oradditional collateral of any kind.

(L. 1971 S.B. 3 § 47, A.L. 1983 H.B. 570)