26-402. INVESTMENT IN SERVICE CORPORATION. No limitation or prohibition otherwise imposed by any provision of the laws of the state of Idaho exclusively relating to banks shall prevent or prohibit any two (2) or more banks from investing not more than ten percent (10%) of the paid-in and unimpaired capital and unimpaired surplus of each of them in a bank service corporation.
History:
[26-402, added 1979, ch. 41, sec. 2, p. 80.]
Structure Idaho Code
Chapter 4 - BANK SERVICE CORPORATIONS
Section 26-402 - INVESTMENT IN SERVICE CORPORATION.
Section 26-403 - BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK.
Section 26-404 - DUTY OF BANK SERVICE CORPORATION NOT TO DISCRIMINATE — BURDEN OF PROOF.