Section 26-3601 – ADMINISTRATION AND RULES.
26-3601. ADMINISTRATION AND RULES. Every authorized trust institution shall be under the supervision of the director. The director may issue, promulgate, amend and rescind rules or orders necessary or proper to carry out the provisions of this act. All authorized trust institutions doing business under the provisions of this act shall conduct their business in […]
Section 26-3602 – EXAMINATIONS — PERIODIC REPORTS — COOPERATIVE AGREEMENTS — ASSESSMENT OF FEES.
26-3602. EXAMINATIONS — PERIODIC REPORTS — COOPERATIVE AGREEMENTS — ASSESSMENT OF FEES. (1) The director may make such examinations, with or without notice, of any office or branch established or maintained in this state pursuant to this act as the director may deem necessary to determine whether the office is being operated in compliance with […]
Section 26-3604 – NOTICE AND OPPORTUNITY FOR HEARING.
26-3604. NOTICE AND OPPORTUNITY FOR HEARING. Consistent with chapter 52, title 67, Idaho Code, notice and opportunity for hearing shall be provided in connection with any of the foregoing actions. Provided however, in cases involving extraordinary circumstances requiring immediate action, the director may take such action, but shall promptly afford a subsequent hearing upon application […]
Section 26-3605 – SUBPOENA POWER — EXAMINATION UNDER OATH.
26-3605. SUBPOENA POWER — EXAMINATION UNDER OATH. The director shall have the power to subpoena witnesses, compel their attendance, require the production of evidence, administer oaths, and examine any person under oath in connection with any subject related to a duty imposed or a power vested in the director by this act. History: [26-3605, added […]
Section 26-3607 – IMPAIRMENT OF CAPITAL — UNSAFE CONDITION — RECEIVERSHIP.
26-3607. IMPAIRMENT OF CAPITAL — UNSAFE CONDITION — RECEIVERSHIP. If it appears to the director that the capital of a state trust company is either reduced or impaired below one million five hundred thousand dollars ($1,500,000) or the affairs of the company are in an unsound condition, the director shall order the state trust company […]
Section 26-3608 – LIMIT OF LEGAL ACTION.
26-3608. LIMIT OF LEGAL ACTION. This chapter does not limit any statutory or common law right of a person to bring an action in a court for any act involved in the transaction of trust business or the right of the state to bring an action against any person for a violation of law based […]
Section 26-3609 – CONTINUED OPERATION.
26-3609. CONTINUED OPERATION. Any bank chartered to operate a trust department on July 1, 2000, is hereby authorized to continue to operate a trust department after July 1, 2000; provided that such bank must conform its trust department operations with the provisions of this act. History: [26-3609, added 2000, ch. 288, sec. 12, p. 990.]
Section 26-3701 – SHORT TITLE.
26-3701. SHORT TITLE. This chapter shall be known and may be cited as the "Idaho Continuing-Care Disclosure Act." History: [26-3701, added 2005, ch. 265, sec. 15, p. 816.]
Section 26-3702 – STATEMENT OF PURPOSE.
26-3702. STATEMENT OF PURPOSE. The legislature recognizes that continuing care communities have become an important and necessary alternative for the long-term residential, social and health maintenance needs for many of the state’s elderly citizens. The legislature finds and declares that tragic consequences can result to citizens of the state when a provider of services under […]
Section 26-3504 – MINIMUM CAPITAL.
26-3504. MINIMUM CAPITAL. (1) A charter shall not be issued to a corporation applying for a state trust company charter having a paid-in capital of less than one million five hundred thousand dollars ($1,500,000). (2) A charter to operate a trust department shall not be issued to a bank unless the capital of the bank […]