Idaho State Statutes - Idaho Attorney Directory

All transfers of a major portion of the
outstanding stock or trust certificates of a bank holding company by sale,
gift, or otherwise shall be approved by the director prior to such transfer.
For the purposes of this section, a major portion of the outstanding stock or
trust certificates of a bank holding company is any number of any class of
shares of a bank holding company the acquisition of which will result in a
person acquiring the shares having voting control of the bank holding company.
The director shall not approve a transfer of stock if he finds that the
transferee has been removed from a position as a director, officer or employee
of a bank holding company, a bank or other financial institution pursuant to
an order of a state or federal agency. The director may disapprove a transfer
of stock if in his opinion the transferee does not meet the requirements of a
stockholder, director, or officer as set out in section 26-502, Idaho Code.

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