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2011 Idaho Code
TITLE 26 BANKS AND BANKING
CHAPTER 12 CIVIL AND CRIMINAL PENALTIES
26-1218 NOTES FOR STOCK SUBSCRIPTION ILLEGAL.


ID Code § 26-1218 (2011 through Reg Sess) What's This?

26-1218. Notes for stock subscription illegal. It shall be unlawful for the officers or directors of the banking corporation to accept the note of any subscriber or stockholder in payment or part payment of the par value of the common stock, surplus or undivided profits.

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