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2021 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 12 - CIVIL AND CRIMINAL PENALTIES
Section 26-1218 - NOTES FOR STOCK SUBSCRIPTION ILLEGAL.
Universal Citation: ID Code § 26-1218 (2021)
26-1218. NOTES FOR STOCK SUBSCRIPTION ILLEGAL. It shall be unlawful for the officers or directors of the banking corporation to accept the note of any subscriber or stockholder in payment or part payment of the par value of the common stock, surplus or undivided profits.
History:
[26-1218, added 1979, ch. 41, sec. 2, p. 124.]
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