Idaho State Statutes - Idaho Attorney Directory

Any bank which fails to open for
business within one (1) year after the date from which its charter was issued
shall, unless the time is extended by the director of the department of
finance, be deemed to have forfeited the charter and its right and authority
to do business and to have no further legal existence, and in case the
director of the department of finance approves the establishment of any branch
of a bank as required by section 26-301, Idaho Code, and such branch or branch
office is not established and operating within twelve (12) months after the
date the charter is issued, unless the time be extended by the director for
good cause shown, such approval shall be of no further force or effect and
such branch or branch office shall not be established or operated until the
approval of the director is again obtained as required by the statute last
mentioned. The director may not extend the time for the establishment and
commencement of operations of any such bank or branch office for a longer
period than an additional six (6) months.

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