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Can you summarize IDST Title 26, Chapter 1?
BANKS AND BANKING > TITLE AND SCOPE OF ACT
Short Summary
The Idaho Bank Act, comprising various chapters of the Idaho Code, provides definitions for terms related to banks and banking. It applies to national banks as well. The act aims to ensure the safe and prudent conduct of the banking business, maintain public confidence in banks, and encourage the continuation of the dual banking system. The act abridges, enlarges, or modifies the powers, privileges, duties, and restrictions of existing banks to conform with its provisions. If any provision of the act is held invalid, it does not affect other provisions that can be given effect without the invalid provision. The act is severable. The Idaho Bank Act is applicable to all entities engaged in the business of banking in Idaho and is intended to provide a unified coverage of its subject matter. It does not imply repeal by subsequent legislation unless reasonably avoided.
Whom does it apply to?
The Idaho Bank Act applies to all corporations, copartnerships, cooperative associations, and persons engaged in the business of banking in the state of Idaho.
What does it govern?
The Idaho Bank Act governs the organization and operation of banks and banking in the state of Idaho.
What are exemptions?
No specific exemptions are mentioned in the Idaho Bank Act.
What are the Penalties?
No specific penalties are mentioned in the Idaho Bank Act.
Jurisdiction
Idaho