2012 Idaho Statutes
Title 26 - BANKS AND BANKING
Chapter 17 - IDAHO INTERNATIONAL BANKING ACT
Section 26-1711 - FINANCIAL CERTIFICATION -- RESTRICTIONS ON INVESTMENTS, LOANS AND ACCEPTANCES.
(2) Purchases and discounts of bills of exchange, bonds, debentures, and other obligations and extensions of credit and acceptances by an international bank agency within this state are subject to the same limitations as to amount in relation to capital, surplus, and undivided profits as are applicable to banks organized under the laws of this state. With the prior approval of the director, the capital notes and capital debentures of the international banking corporation may be treated as capital in computing the limitations.
History:
[26-1711, added 1995, ch. 99, sec. 10, p. 313.]
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