Section 26-3204 – PERSONS AUTHORIZED TO ACT AS A FIDUCIARY.
26-3204. PERSONS AUTHORIZED TO ACT AS A FIDUCIARY. (1) No person shall act as a fiduciary in this state except: (a) A state trust company; (b) A state bank; (c) A savings bank organized under the laws of this state and authorized to act as a fiduciary pursuant to the savings bank act, chapter 18, […]
Section 26-3205 – ACTIVITIES NOT REQUIRING A CHARTER.
26-3205. ACTIVITIES NOT REQUIRING A CHARTER. Notwithstanding any other provision of this act, a person does not engage in the trust business or in any other business in a manner requiring a charter under this act, or in an unauthorized trust activity by: (1) Acting in a manner authorized by law and in the scope […]
Section 26-3206 – TRUST BUSINESS OF STATE TRUST INSTITUTION.
26-3206. TRUST BUSINESS OF STATE TRUST INSTITUTION. (1) A state trust institution may act as a fiduciary or otherwise engage in a trust business in this or any other state or foreign country, subject to complying with applicable laws of such state or foreign country, at an office established and maintained pursuant to this act, […]
Section 26-3207 – TRUST BUSINESS OF OUT-OF-STATE TRUST INSTITUTION.
26-3207. TRUST BUSINESS OF OUT-OF-STATE TRUST INSTITUTION. An out-of-state trust institution which establishes or maintains one (1) or more offices in this state under this act, may conduct any activity at each such office which would be authorized under the laws of this state for a state trust institution to conduct at such an office. […]
Section 26-3208 – NAME OF TRUST INSTITUTION.
26-3208. NAME OF TRUST INSTITUTION. A state trust company or out-of-state trust institution may register any name with the director in connection with establishing a principal office, trust office or representative trust office in this state pursuant to this act, except that the director may determine that a name proposed to be registered is potentially […]
Section 26-3201 – TITLE.
26-3201. TITLE. Chapters 32 through 36, title 26, Idaho Code, shall be known and may be cited as the "Idaho Trust Institutions Act." History: [26-3201, added 2000, ch. 288, sec. 8, p. 975.]
Section 26-3202 – PURPOSES OF THE ACT.
26-3202. PURPOSES OF THE ACT. The purposes of this act are to permit: (1) State banks and state trust companies to engage in the trust business in this state; and (2) Banks and other depository institutions, foreign banks and trust companies to engage in the trust business on a multistate and international basis to the […]
Section 26-3203 – DEFINITIONS.
26-3203. DEFINITIONS. The following definitions shall be liberally construed to accomplish the purposes of this act. In this act, unless the context otherwise requires: (1) "Account" means the client relationship established with a trust institution involving the transfer of funds or property to the trust institution, including a relationship in which the trust company acts […]