Idaho Statutes
§ 26-403 — BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK
Idaho § 26-403
This text of Idaho § 26-403 (BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Idaho Code § 26-403 (2026).
Text
If stock in a bank service corporation has been held by two (2) banks, and one (1) of such banks ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding bank, the corporation may nevertheless continue to function as such and the other bank may continue to hold stock in it.
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Legislative History
[26-403, added 1979, ch. 41, sec. 2, p. 80.]
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 AGENTSCite This Page — Counsel Stack
Bluebook (online)
Idaho § 26-403, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/26-403.