Skip to content

Wealth Mgmt Acct as Collateral-Control Agreement?

Answered by: 

Question: 
Taking a Wealth Mgmt Account as collateral, would you use a Commercial Pledge Agreement and/or a Control Agreement and Acknowledgement of Security Interest as Collateral?
Answer: 

For such a specific question, you need to review the situation with legal counsel. Your state's version of the UCC and the clauses in your bank's documents that you reference will all affect the proper documentation of such collateral.

First published on BankersOnline.com 2/20/12

First published on 02/20/2012

Filed under: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics