26-1105. DIRECTORS TO BE ADVISED OF CONDITIONS. The department of finance shall, after each examination, address a letter to the president or chairman of the board of directors, calling attention to the condition of the bank at the time of examination. Such letter from the department shall be read at the first meeting of the board of directors following its receipt and the bank or company’s minute book shall show the receipt of such letter and the reply thereto as approved by the directors.
History:
[26-1105, added 1979, ch. 41, sec. 2, p. 116.]
Structure Idaho Code
Chapter 11 - SUPERVISION BY DEPARTMENT OF FINANCE
Section 26-1101 - ADMINISTRATION — RULES AND POWERS.
Section 26-1102 - EXAMINATION BY DEPARTMENT.
Section 26-1103 - REFUSAL TO SUBMIT TO EXAMINATION.
Section 26-1105 - DIRECTORS TO BE ADVISED OF CONDITIONS.
Section 26-1106 - REPORTS OF BANK.
Section 26-1107 - REPORTS — DUTIES OF DEPARTMENT OF FINANCE.
Section 26-1109 - BOOKS AND ACCOUNTS.
Section 26-1110 - PROOF THAT SERVICES PERFORMED WILL BE SUBJECT TO REGULATION AND EXAMINATION.
Section 26-1111 - RECORDS NOT PUBLIC.
Section 26-1112 - PENALTY FOR DISCLOSURE OF CONFIDENTIAL INFORMATION.
Section 26-1113 - IMPAIRMENT OF CAPITAL — ASSESSMENT.