2005 Idaho Code - 67-2745 — DUTY OF TREASURER UPON RECEIPT OF NOTICE OF CANCELATION

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 27
                            DEPARTMENT OF FINANCE
    67-2745.  DUTY OF TREASURER UPON RECEIPT OF NOTICE OF CANCELATION. Upon
receiving the notice of cancelation hereinbefore provided for, the state
treasurer shall cease to make any further deposits in said depository, unless
and until it is reinstated by the department of finance and he shall give
immediate notice to said depository of his intention to withdraw all time
deposits after the expiration of the period fixed by said notice, which period
shall be in accordance with the agreement in respect thereto made at the time
of the deposit.
    He shall withdraw all checking deposits before the expiration of ninety
(90) days from the receipt of said notice of cancelation. Such withdrawals
shall be made at such times and in such amounts as the treasurer shall deem
advisable, subject to the supervisory control of the department of finance,
but in no case shall he fail within ten (10) days after receipt of said notice
to withdraw at least 25 per cent of the pro rata amount of the treasurer's
deposit secured by said bond and to withdraw at least 25 per cent of said
amount during every 25-day period thereafter until the whole amount has been
withdrawn.