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2018 Idaho Statutes
Title 26 - BANKS AND BANKING
Chapter 7 - LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
Section 26-711 - LENDING OF CREDIT — SURETYSHIP AND GUARANTYSHIP.
Universal Citation: ID Code § 26-711 (2018)
26-711. LENDING OF CREDIT — SURETYSHIP AND GUARANTYSHIP. A bank may lend its credit, bind itself as a surety to indemnify another, or otherwise become a guarantor, only if it has a substantial interest in the performance of the transaction involved or has a segregated deposit sufficient in amount to cover the bank’s total potential liability.
History:
[(26-711) 26-715, added 1979, ch. 41, sec. 2, p. 93; am. and redesig. 2004, ch. 159, sec. 11, p. 523.]
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