Idaho International Banking Act

The act governs the entry and operation of foreign banks within the state, establishing a licensing regime for branches, agencies, and representative offices administered by the state banking commissioner. It sets out application, fee, and approval requirements, defines the powers and permissible activities of each type of office — including fiduciary and agency activities — and imposes ongoing obligations such as examination, reporting, recordkeeping, separate-asset and asset-maintenance duties, pledge of assets, limits on deposit interest, and disclosure that deposits are not federally insured. It further provides supervisory and enforcement machinery, including appointment of the commissioner as agent for service of process, notice requirements for changes in control, relocation, or corporate documents, suspension or revocation of licenses, seizure and liquidation of a foreign bank's property and business, and authority for out-of-state foreign banks to establish interstate branches.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.