Idaho Code § 26-2605

Current through the 2024 Regular Session

Section 26-2605 - ACQUISITION BY OUT-OF-STATE COMPANY

If an application has been submitted by such out-of-state financial institution holding company to, and prior written approval has been obtained from the director, pursuant to section 26-2606, Idaho Code, an out-of-state financial institution holding company may:

(a) Acquire control of;

(b) Acquire all or substantially all of the assets of;

(c) Merge or consolidate with; or

(d) Assume the deposit liabilities of an Idaho financial institution.

Idaho Code § 26-2605

[I.C., sec. 26-2605, as added by 1985, ch. 185, sec. 1, p. 474; am. 1987, ch. 294, sec. 2, p. 625; am. 1995, ch. 99, sec. 16, p. 318.]