Idaho Statutes
§ 26-1005 — EFFECT OF POSTING NOTICE
The posting of such notice by the directors of any bank, or of a like notice signed by the director, shall be sufficient to place all assets and property of such bank, of whatever nature and wherever situate, in possession of the director, and shall operate as a bar to any attachment or any other legal proceedings against such bank or its assets, and no valid lien or claim can be acquired or created, or transfer or assignment made in any manner, binding or affecting any of the assets of such bank after the posting of such notice or after taking possession of any bank by the director.
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Legislative History
[26-1005, 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