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Idaho Statutes Title 26. Banks and Banking § 26-403. Banks jointly holding stock--Effect of withdrawal by one bank

Current as of January 01, 2024 | Updated by Findlaw Staff

If stock in a bank service corporation has been held by two (2) banks, and one (1) of such banks ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding bank, the corporation may nevertheless continue to function as such and the other bank may continue to hold stock in it.

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Cite this article: FindLaw.com - Idaho Statutes Title 26. Banks and Banking § 26-403. Banks jointly holding stock--Effect of withdrawal by one bank - last updated January 01, 2024 | https://codes.findlaw.com/id/title-26-banks-and-banking/id-st-sect-26-403/

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