2013 Idaho Statutes
Title 41 - INSURANCE
Chapter 37 - IDAHO HOSPITAL LIABILITY TRUST ACT
Section 41-3712 - INVESTMENT OF TRUST FUND.
(2) The trustee is expressly prohibited from investing trust fund moneys in:
(3) All such investments shall be made and held in the name of the trust fund, and the interest and yield thereon shall inure to the account of the trust fund.
(4) No investment shall be made unless authorized in writing by the trustee and so shown in the records of the trust fund.
(5) Any person who authorizes any investment of trust fund moneys in violation of this section shall, in addition to other penalty therefor, be liable for all loss suffered by the trust fund on account of the investment.
(6) No investment made in violation of this section shall constitute an "asset" in any determination of the financial condition of the trust fund.
History:
[41-3712, added 1977, ch. 204, sec. 2, p. 561.]
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