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Can you summarize IDST Title 26, Chapter 2?
BANKS AND BANKING > ORGANIZATION AND CORPORATION POWERS OF BANKS
Short Summary
The provided legal document content covers various aspects of banking institutions organized under the laws of Idaho. It empowers these institutions to comply with federal deposit insurance requirements and take advantage of memberships, loans, subscriptions, contracts, grants, rights, or privileges available to them or their depositors, creditors, stockholders, conservators, receivers, or liquidators. The document also governs the grant of options to purchase bank stock, membership in federal reserve banks, acting as custodian or fiduciary, transfer of bank stock, meetings of the board of directors, maintenance of stockholder records, annual stockholder meetings, capital structure requirements for banking corporations, amendment of articles of incorporation, issuance of preferred stock, adoption and amendment of bylaws, and engagement in or transacting of banking business in Idaho. The documents apply to banking institutions, their employees, stockholders, directors, executive committee, participants in tax-advantaged savings plans, shareholders, and corporations seeking to engage in or transact banking business in Idaho. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banking institutions organized under the laws of Idaho, employees of banks, banks incorporated under the laws of Idaho, stockholders of banks, directors of banks, executive committee of banks, participants in tax-advantaged savings plans, shareholders of banks, corporations seeking to engage in or transact banking business in Idaho
What does it govern?
Organization and corporation powers of banks, grant of options to purchase bank stock, membership in federal reserve banks, acting as custodian or fiduciary, transfer of bank stock, meetings of the board of directors, maintenance of stockholder records, annual stockholder meetings, capital structure requirements for banking corporations, amendment of articles of incorporation, issuance of preferred stock, adoption of bylaws, amendment of bylaws, amendment of articles of incorporation, application of general business corporation laws, engagement in or transacting of banking business
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Idaho