Idaho Code § 68-310
This is the official text of Idaho Code § 68-310, 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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68-310 DEPOSIT IN NAMES OF TWO OR MORE TRUSTEES.
Official statutory text
68-310. Deposit in names of two or more trustees. When a deposit is made in a bank in the name of two (2) or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust account, neither the payee nor other holder nor the bank is bound to inquire whether it is a breach of trust to authorize such trustee or trustees to draw checks upon the trust account, and is not liable unless the circumstances be such that the action of the payee or other holder or the bank amounts to bad faith.
History:
[(68-310) 1925, ch. 217, sec. 10, p. 393; I.C.A., sec. 66-310.]
History:
[(68-310) 1925, ch. 217, sec. 10, p. 393; I.C.A., sec. 66-310.]
Status: in_force · Read it on the official government site
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