53C-6-3. Securing deposits.
(a) A bank may not create a lien on its assets or otherwise secure the repayment of a deposit, except as authorized or required by this section, other laws of this State, or federal law.
(b) A bank may pledge its assets to secure a deposit of the government of this State or any other state, any agency or political subdivision of this State or any other state, the United States government, any agency or instrumentality of the United States, or any Indian tribe recognized by the United States government as eligible for the services provided to Indian tribes by the Secretary of the Interior because of its status as an Indian tribe.
(c) This section does not prohibit the pledge of assets by a bank to secure the repayment of money borrowed.
(d) An act, deed, conveyance, pledge, or contract in violation of this section is void. (2012-56, s. 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 53C - Regulation of Banks
§ 53C-6-1 - Loans and extensions of credit.
§ 53C-6-3 - Securing deposits.
§ 53C-6-7 - Payable on Death accounts.
§ 53C-6-8 - Personal agency accounts.
§ 53C-6-9 - Accounts opened by adults for minors.
§ 53C-6-11 - Powers of attorney; notice of revocation; payment after notice.
§ 53C-6-12 - Account statements to be rendered annually or on request.
§ 53C-6-13 - Safe deposit boxes; unpaid rentals; procedure; escheats.
§ 53C-6-15 - Establishment of branches.
§ 53C-6-16 - Change of location of a branch or principal office.
§ 53C-6-18 - Non-branch bank business offices.