Idaho Code 26-505 – Director of Finance — Reports — Requirements
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 26-505
- Bank: shall mean any bank chartered under this act. See Idaho Code 26-501
- Bank holding company: shall mean any company:
Idaho Code 26-501Company: shall mean any corporation, business trust, association, or similar organization but shall not include:
Idaho Code 26-501Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. Oath: A promise to tell the truth.
The director may require reports made under oath to be filed in the department of finance to keep it informed as to the operation of any bank holding company. The director may make examinations of each bank holding company and each subsidiary thereof under the provisions of section 26-1102, Idaho Code, the actual cost of which may be assessed against and paid by such holding company. The director may accept reports of examinations made by the federal reserve board, the comptroller of the currency, or the federal deposit insurance corporation in lieu of making an examination by the department.