Idaho Statutes
§ 26-1218 — NOTES FOR STOCK SUBSCRIPTION ILLEGAL
It shall be unlawful for the officers or directors of the banking corporation to accept the note of any subscriber or stockholder in payment or part payment of the par value of the common stock, surplus or undivided profits.
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Idaho § 26-1218 (NOTES FOR STOCK SUBSCRIPTION ILLEGAL) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[26-1218, added 1979, ch. 41, sec. 2, p. 124.]
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