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Can you summarize IDST Title 26, Chapter 14?
BANKS AND BANKING > AFFILIATED BANK COMPANY
Short Summary
This legal document, part of the Idaho Statutes governing Banks and Banking, specifically pertains to the regulation of Affiliated Bank Companies. It defines key terms such as ‘Affiliated bank,’ ‘Affiliated trust company,’ ‘Bank,’ ‘Bank holding company,’ ‘Director,’ ‘Fiduciary account,’ ‘Fiduciary capacity,’ and ‘Principal place of business.’ The document outlines the ownership requirements for an affiliated bank or trust company, as well as the participation in a transfer of fiduciary capacities. It also provides definitions for trust companies and bank holding companies. The document does not mention any exemptions or penalties. Overall, this document establishes the framework for affiliated bank companies and their operations within the state of Idaho.
Whom does it apply to?
Out-of-state financial institutions, out-of-state financial institution holding companies
What does it govern?
Affiliated Bank Companies
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Idaho