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State Statutes
- Idaho
- Title 26
- Chapter 3
- 26-307
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| Idaho Statutes |
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| 26-307 - ADDITION TO CAPITAL STRUCTURE OF BANK |
The director shall not
approve an application for a branch bank, bank facility or mobile facility
until the bank making the application has added to its paid-in common stock.
(a) Thirty-five thousand dollars ($35,000) for each branch bank to be
established,
(b) Twenty-five thousand dollars ($25,000) for each facility to be
established, and
(c) Twenty thousand dollars ($20,000) for each mobile facility to be
established.
If the paid-in common stock of the bank applying for the facility amounts to
at least the statutorily required minimum for charter and thirty-five thousand
dollars ($35,000) for each branch, twenty-five thousand dollars ($25,000) for
each facility and twenty thousand dollars ($20,000) for each mobile facility
including the branch, facility or mobile facility applied for, the bank shall
not be required to add additional capital for the branch, facility or mobile
facility for which the application was made. |
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