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Idaho Code § 26-2605

Acquisition by out-of-state company

Known as the Idaho Interstate Banking Act

The act spans §§ 26–26 (13 sections).

If an application has been submitted by such out-of-state financial institution holding company to, and prior written approval has been obtained from the director, pursuant to section 26-2606, Idaho Code, an out-of-state financial institution holding company may:

(1) Acquire control of;

(2) Acquire all or substantially all of the assets of;

(3) Merge or consolidate with; or

(4) Assume the deposit liabilities of an Idaho financial institution.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.