2005 Idaho Code - 67-2746A — DEPOSIT FOR SAFEKEEPING -- RESPONSIBILITY

                                  TITLE  67
                      STATE GOVERNMENT AND STATE AFFAIRS
                                  CHAPTER 27
                            DEPARTMENT OF FINANCE
    67-2746A.  DEPOSIT FOR SAFEKEEPING -- RESPONSIBILITY. The state treasurer
may deposit for safekeeping with a state or national bank or a federal reserve
bank any bonds, notes, bills, debentures, obligations, certificates of
indebtedness, warrants, or other evidences of indebtedness in which the moneys
of the state of Idaho or its agencies are invested pursuant to law; provided
the treasurer shall take from the bank a receipt for the securities deposited.
The state treasurer may accept securities in authorized book entry form. The
state treasurer shall not be responsible for securities so deposited until
they are withdrawn by the treasurer from the bank, except insofar as a
violation by the treasurer of the prudent man investment rule contributes to
any loss.

Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.