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§58-265.
§58-265.
Any contract for the borrowing of money or the mortgaging or pledging
of the assets of the estate for any of the purposes stated in Section
264 of this title must have the approval of the judge of the district
court having jurisdiction of the settlement of the estate and the
procedure therefor shall be the same procedure as that provided for in
Sections 385-b (as amended), 385-c, and 385-d of this title, except
that personal property may be mortgaged or pledged as security for
such indebtedness without limitation to two-thirds (2/3) of the
appraised value thereof.
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