Idaho § 6-540 DUTY OF RECORDER TAKING SECURITY OR MAKING INVESTMENT

Idaho Statutes

§ 6-540 — DUTY OF RECORDER TAKING SECURITY OR MAKING INVESTMENT

Idaho § 6-540

Title 6ACTIONS IN PARTICULAR CASES

Ch. 5PARTITION OF REAL ESTATE

This text of Idaho § 6-540 (DUTY OF RECORDER TAKING SECURITY OR MAKING INVESTMENT) 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 § 6-540 (2026).

Text

The recorder in whose name a security is taken, or by whom an investment is made, and his successors in office, must receive the interest and principal as it becomes due, and apply and invest the same as the court may direct; and must deposit with the county treasurer all securities taken, and keep an account in a book provided and kept for that purpose in the recorder’s office, free for inspection by all persons, of investments in moneys received by him thereon and the disposition thereof.

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The recorder in whose name a security is taken, or by whom an investment is made, and his successors in office, must receive the interest and principal as it becomes due, and apply and invest the same as the court may direct; and must deposit with the county treasurer all securities taken, and keep an account in a book provided and kept for that purpose in the recorder’s office, free for inspection by all persons, of investments in moneys received by him thereon and the disposition thereof.