Idaho Statutes
§ 26-2411 — DEPOSITS IN BANKS
The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.
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Idaho § 26-2411 (DEPOSITS IN BANKS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[(26-2411) 1963, ch. 273, sec. 11, p. 695; I.C., sec. 30-1511 (1963 Supp.).]
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