2005 Idaho Code - 26-804 — BORROWING MONEY -- ACCOUNTING

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 8
                        LIMITATIONS ON BORROWING MONEY
                             AND PLEDGING ASSETS
    26-804.  BORROWING MONEY -- ACCOUNTING. No officer or employee of any bank
shall issue the note of such corporation for money borrowed or rediscount any
of its paper, or pledge or hypothecate any of its assets, except when
authorized by resolution of its board of directors, or by an authorized
committee thereof.
    All borrowings shall be carried on the books of the bank, and in all
reports of such bank under liabilities.
    All rediscounted paper containing the endorsement of or guarantee of the
bank discounting the same, except when endorsed without recourse, shall be
carried on the books of the bank and in all reports of such bank under
liabilities as "rediscounts," until the same are actually paid by the makers,
other than by renewal, or the rediscounting bank itself takes up the paper.