2005 Idaho Code - 26-216 — CUSTODIAL ACCOUNTS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 2
                 ORGANIZATION AND CORPORATION POWERS OF BANKS
    26-216.  CUSTODIAL ACCOUNTS. Any bank, not having trust powers, may act as
custodian, and may receive reasonable compensation for so acting, of any
custodial account created or organized in the United States and forming part
of a stock bonus, pension, or profit sharing plan which qualifies or qualified
for specific tax treatment under section 401(d), section 403(b) or section
408(a) of the Internal Revenue Code of 1954 as defined in section 63-3004,
Idaho Code, if the funds of such trust are invested only in savings accounts
or deposits in such bank or in obligations or securities issued by such bank.
All funds held in such custodial capacity by any such bank may be commingled
for appropriate purposes of investment, but individual records shall be kept
by the custodian for each participant and shall show in proper detail all
transactions engaged in under the authority of this section.