Idaho Code § 26-403

Current through the 2024 Regular Session
Section 26-403 - BANKS JOINTLY HOLDING STOCK - EFFECT OF WITHDRAWAL BY ONE BANK

If stock in a bank service corporation has been held by two (2) banks, and one (1) of such banks ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding bank, the corporation may nevertheless continue to function as such and the other bank may continue to hold stock in it.

Idaho Code § 26-403

[26-403, added 1979, ch. 41, sec. 2, p. 80.]