26-911. BOOK VALUE OF ASSETS. Without approval by the director no asset shall be carried on the books of the resulting or purchasing bank at a valuation higher than that on the books of the merging or converting bank at the time of its last examination by a state or national bank examiner before the effective date of the merger or conversion.
History:
[26-911, added 1979, ch. 41, sec. 2, p. 102.]
Structure Idaho Code
Chapter 9 - CONSOLIDATION, SALE AND REORGANIZATION
Section 26-901 - RESULTING NATIONAL BANK.
Section 26-902 - RESULTING STATE BANK.
Section 26-903 - MERGER PROCEDURE — RESULTING STATE BANK.
Section 26-904 - MERGER — APPROVAL BY STOCKHOLDERS OF STATE BANKS.
Section 26-906 - CONVERSION OF NATIONAL INTO STATE BANK.
Section 26-907 - CONTINUATION OF CORPORATE ENTITY — USE OF OLD NAME.
Section 26-908 - SALE OF ASSETS OF BANK OR DEPARTMENT.
Section 26-909 - DISSENTING STOCKHOLDERS.