Idaho Trust Institutions Act

The act governs the chartering, organization, and ongoing supervision of trust companies formed under state law. It establishes the procedure for obtaining a charter — application, notice and investigation, a hearing, and issuance by the commissioner — together with requirements for articles of association, minimum capital, share and surplus structure, and later amendments, and it recognizes a separate category of private trust company with its own requirements and a route to convert to public status. It also constrains how a chartered trust company may operate, addressing permitted investments, real estate, securities and subsidiaries, common investment funds, lending and borrowing limits, and a bar on engaging in general commerce, while requiring regulatory review of any acquisition of control and providing for hearings, appeals, and civil and criminal enforcement.

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