There is a newer version
of
this Section
2020 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 10 - CLOSING AND LIQUIDATION OF BANKS
Section 26-1014 - FEDERAL DEPOSIT INSURANCE CORPORATION ACTING AS LIQUIDATOR — POSSESSION AND CONTROL OF ASSETS AND BUSINESS OF BANK.
Universal Citation: ID Code § 26-1014 (2020)
26-1014. FEDERAL DEPOSIT INSURANCE CORPORATION ACTING AS LIQUIDATOR — POSSESSION AND CONTROL OF ASSETS AND BUSINESS OF BANK. Upon the acceptance of the appointment of receiver or liquidator aforesaid by said corporation, and during its continuance as such receiver or liquidator, the possession and control of all the assets, business and property of such banking institution of every kind and nature shall pass to and vest in said corporation and without the execution of any instruments of conveyance, assignment, transfer or endorsement, with the same force and effect and to the same extent as in the director of the department of finance under like circumstances.
History:
[26-1014, added 1979, ch. 41, sec. 2, p. 108.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
