2005 Idaho Code - 26-1022 — DEPOSIT OF FUNDS IN DIRECTOR\'S HANDS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 10
                       CLOSING AND LIQUIDATION OF BANKS
    26-1022.  DEPOSIT OF FUNDS IN DIRECTOR'S HANDS. All funds in the hands of
the director belonging to any bank in process of liquidation shall be
deposited in his name as director in such banks within the state as may be
selected and designated by him and subject to his checks as director of the
department of finance. Provided, that any bank receiving such deposits shall
file and keep on file with the director a surety bond, executed by some surety
company authorized to transact business in the state of Idaho, in an amount
not less than the amount of the sum on deposit, conditioned for the payment on
demand of the full amount of such deposit, or in lieu of such bond, shall
deposit with the director, securities in like amount to be approved by the
director, as security for the payment of such deposits, but only approved
securities as defined by the Public Depository Law, shall be accepted by the
director. No deposit of such funds shall be made in any bank in excess of the
penal amount of such bond or in excess of ninety per cent (90%) of the market
value of such approved securities.