Idaho § 67-1304 CUSTODIANS OF FEDERALLY INSURED DEPOSITS

Idaho Statutes

§ 67-1304 — CUSTODIANS OF FEDERALLY INSURED DEPOSITS

Idaho·Title 67 STATE GOVERNMENT AND STATE AFFAIRS·Ch. 13 CUSTODIAN FOR MONEY AND SECURITIES HELD BY STATE

Whenever the time deposits made by the state treasurer with financial institutions may be insured in whole or in part by the federal deposit insurance corporation, the federal savings and loan insurance corporation, or other federal program, and the amount of insurance available may be affected by the appointment of multiple custodians, the state treasurer shall appoint multiple custodians in such a manner as to maximize the amount of insurance provided.

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Whenever the time deposits made by the state treasurer with financial institutions may be insured in whole or in part by the federal deposit insurance corporation, the federal savings and loan insurance corporation, or other federal program, and the amount of insurance available may be affected by the appointment of multiple custodians, the state treasurer shall appoint multiple custodians in such a manner as to maximize the amount of insurance provided.

Idaho § 67-1304 (CUSTODIANS OF FEDERALLY INSURED DEPOSITS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.