Missouri Laws 369.239 – Association may accept pledge of borrower’s account or other additional ..
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Terms Used In Missouri Laws 369.239
- Account: the monetary interest of the owner thereof in the deposit capital of an association and consists of the withdrawal value of such interest. See Missouri Laws 369.014
- Association: a savings and loan association or a savings association subject to the provisions of this chapter. See Missouri Laws 369.014
As additional collateral security for a loan, an association may accept the assignment or pledge of the account or accounts of the borrower or of any other account owner, or additional collateral of any kind.