Idaho Statutes
§ 26-1004 — BANK MAY BE PLACED IN DIRECTOR’S POSSESSION
Any bank may place its affairs and assets under the control and in the possession of the director after oral or written notice to the director by posting a notice on the front door of such bank, indicating that said bank is in his hands, which notice shall be signed, in their own handwriting, by a majority of the directors.
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Idaho § 26-1004 (BANK MAY BE PLACED IN DIRECTOR’S POSSESSION) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[26-1004, added 1979, ch. 41, sec. 2, p. 103.]
Nearby Sections
15
§ 26-1001
GROUNDS FOR CLOSING BANK§ 26-1003
RECEIVING DEPOSITS WHEN INSOLVENT§ 26-1005
EFFECT OF POSTING NOTICE§ 26-1006
TAKING POSSESSION OF BANK — NOTICE§ 26-1007
RESUMPTION AFTER CLOSING§ 26-1008
POWERS OF DIRECTOR ON CLOSING BANK§ 26-1009
RECOURSE OF AGGRIEVED BANK§ 26-101
TITLE§ 26-1010
DIRECTOR MAY APPOINT AGENTS