2019 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 4 - BANK SERVICE CORPORATIONS
Section 26-401 - DEFINITIONS.

Universal Citation: ID Code § 26-401 (2019)

26-401. DEFINITIONS. As used in this section:

"Invest" includes any advance of funds to a bank service corporation, whether by the purchase of stock, the making of a loan, or otherwise, except a payment for rent earned, goods sold and delivered, or services rendered prior to the making of such payment;

"Applying bank" means a bank applying to a bank service corporation for bank services; and

"Stockholding bank" means a bank which owns stock of a bank service corporation.

History:

[26-401, added 1979, ch. 41, sec. 2, p. 80.]

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