An Agency Coupled with a Lot of Interest James Heilman borrowed $9,000 from the National Security Specialty Bank of Louisville. He put up as security 200 shares of stock in the Actors Theatre Group of Louisville. Heilman then authorized the bank to sell the shares to satisfy the loan obligation should he default on that loan. In the event that it becomes necessary to sell the stock, the bank serves as Heilmans agent. Heilman may not terminate the agency except by paying off the $9,000 loan (plus interest, as per his agreement with the National Security Specialty Bank).