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Can you summarize IDST Title 26, Chapter 10?
BANKS AND BANKING > CLOSING AND LIQUIDATION OF BANKS
Short Summary
This legal document governs the closing and liquidation of banks in Idaho. It outlines the process for the disposition of unclaimed funds, the appointment of a liquidator, the payment of claims, the order of payment of debts, the allowance or rejection of claims, the appointment of agents, the borrowing of funds, the role of the Federal Deposit Insurance Corporation (FDIC), the closure of banks, and the powers and authority of the director. The document applies to public officers, governing boards, directors of the department of finance, unsecured depositors, unsecured creditors, stockholders, claimants, and creditors of a closed bank. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Public officers, governing boards, directors of the department of finance, unsecured depositors, unsecured creditors, stockholders, claimants, and creditors of a closed bank
What does it govern?
The closing and liquidation of banks in Idaho
What are exemptions?
No specific exemptions are mentioned in this document
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
Idaho