26-1216. CARRYING AS ASSET PROPERTY NOT ACTUALLY OWNED. It shall be unlawful for any bank or bank holding company to carry as an asset any note, obligation or security which is not the property of the bank or bank holding company; and any officer or employee of any such bank or bank holding company who places among the assets thereof any note, obligation or security which it does not actually own, or who represents to the director or any examiner appointed by him that any note, obligation or security carried among the assets of the bank or bank holding company is the property of said bank, when in fact such note, obligation or security is not owned by said bank or bank holding company shall be guilty of a misdemeanor.
History:
[26-1216, added 1979, ch. 41, sec. 2, p. 124.]
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.