Idaho Code § 26-403
This is the official text of Idaho Code § 26-403, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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26-403 BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK.
Official statutory text
26-403. Banks jointly holding stock — Effect of withdrawal by one bank. 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.
History:
[26-403, added 1979, ch. 41, sec. 2, p. 80.]
History:
[26-403, added 1979, ch. 41, sec. 2, p. 80.]
Status: in_force · Read it on the official government site
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