2005 Idaho Code - 26-806 — GIVING SECURITY FOR DEPOSIT PROHIBITED

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 8
                        LIMITATIONS ON BORROWING MONEY
                             AND PLEDGING ASSETS
    26-806.  GIVING SECURITY FOR DEPOSIT PROHIBITED. It shall be unlawful for
any bank to pledge, mortgage or hypothecate to any depositor any of its real
or personal property as security for any deposit except money of the United
States, the state of Idaho and its political subdivisions, and deposits for
which security is required by any law of the United States, or required or
permitted by any other statute of this state.  Any pledge, mortgage or
hypothecation made in violation hereof shall be unenforceable and void and any
person, firm or corporation, holding or receiving any security or securities
mortgaged or hypothecated, pledged or attempted to be pledged, shall, upon
demand of any officer, director or stockholder of the bank or the director, be
required forthwith to make return thereof, and the repayment of any deposit
shall not be prerequisite to the recovery of any property so unlawfully
pledged, hypothecated or mortgaged.