26-1206. PENALTY FOR UNLAWFUL HYPOTHECATION OF ASSETS. Any officer or employee of any bank or the bank holding company owning or controlling the bank, doing business in this state who, except in the manner authorized by law or the contract of the parties, hypothecates, pledges or in any way alienates any notes, stocks, bonds, mortgages, securities or any other property coming into his hands or into the possession of said bank as collateral, for safekeeping or in any other manner, and to which the bank has not acquired full title, shall be guilty of theft, and upon conviction thereof shall be punished as provided in section 18-2408, Idaho Code.
History:
[26-1206, added 1979, ch. 41, sec. 2, p. 122; am. 1998, ch. 337, sec. 3, p. 1083.]
Structure Idaho Code
Chapter 12 - CIVIL AND CRIMINAL PENALTIES
Section 26-1201 - UNAUTHORIZED BANKING.
Section 26-1202 - UNAUTHORIZED USE OF NAME — WAIVER BY DIRECTOR.
Section 26-1203 - FALSE STATEMENTS REGARDING BANKS AND TRUST COMPANIES — PENALTY.
Section 26-1204 - FALSE STATEMENTS REGARDING BANKS AND TRUST COMPANIES — CIVIL REMEDIES.
Section 26-1206 - PENALTY FOR UNLAWFUL HYPOTHECATION OF ASSETS.
Section 26-1207 - CONCEALMENT OF LOANS AND DISCOUNTS.
Section 26-1208 - FALSE REPORTS OR ENTRIES.
Section 26-1210 - BANK OFFICERS AND DIRECTORS TO REPORT FELONIES.
Section 26-1211 - MISLEADING ADVERTISING.
Section 26-1212 - LOANS TO OFFICIALS OF DEPARTMENT PROHIBITED.
Section 26-1213 - COMMISSION FOR MAKING LOANS.
Section 26-1215 - PENALTY FOR OFFICER OVERDRAWING ACCOUNT.
Section 26-1216 - CARRYING AS ASSET PROPERTY NOT ACTUALLY OWNED.
Section 26-1217 - PENALTY FOR NEGLECT TO OPEN.
Section 26-1218 - NOTES FOR STOCK SUBSCRIPTION ILLEGAL.