---
kind: "section"
citation: "31 C.F.R. § 363.140"
title: "31"
number: "363.140"
heading: "May a zero-percent certificate of indebtedness be pledged or used as collateral?"
url: "https://uscodex.org/cfr/31/363.140"
---

# §363.140. May a zero-percent certificate of indebtedness be pledged or used as collateral?


A zero-percent certificate of indebtedness may not be pledged or used as collateral for the performance of an obligation.


## Notes

### Amendments

[69 FR 50309, Aug. 16, 2004. Redesignated at 70 FR 57437, Sept. 30, 2005, and further redesignated at 75 FR 70816, Nov. 19, 2010]

### Source

Source: 69 FR 50309, Aug. 16, 2004, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq.

### Source

Source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.

### Amendments

[69 FR 50309, Aug. 16, 2004. Redesignated at 70 FR 57437, Sept. 30, 2005, and further redesignated at 75 FR 70816, Nov. 19, 2010]