Idaho Code § 26-1218

Current through the 2024 Regular Session
Section 26-1218 - NOTES FOR STOCK SUBSCRIPTION ILLEGAL

It shall be unlawful for the officers or directors of the banking corporation to accept the note of any subscriber or stockholder in payment or part payment of the par value of the common stock, surplus or undivided profits.

Idaho Code § 26-1218

[26-1218, added 1979, ch. 41, sec. 2, p. 124.]