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Can you summarize IDST Title 26, Chapter 5?
BANKS AND BANKING > BANK HOLDING COMPANIES
Short Summary
The provided legal document content pertains to the regulation of bank holding companies under the Idaho Statutes governing banks and banking. It outlines various requirements and procedures for bank holding companies, including the approval process for acquiring a bank, the transfer of stock or trust certificates, and the registration of new bank holding companies. The director of the department of finance plays a key role in overseeing and approving these activities. The document emphasizes the importance of ensuring that bank holding companies are operated in a safe, prudent, and profitable manner. It also provides definitions for key terms related to bank holding companies and specifies certain exemptions for specific entities and activities. However, no specific penalties for non-compliance or violation of the provisions are mentioned in these documents.
Whom does it apply to?
Bank holding companies, directors, officers, employees, and transferees
What does it govern?
Bank holding companies
What are exemptions?
Estates, trusts, guardianships, conservatorships, fiduciaries, and companies acquiring and holding shares in connection with underwriting bank shares or securing or collecting a debt
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Idaho