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State Statutes - Idaho - Title 26 - Chapter 12 - 26-1218
Idaho Statutes
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26-1218 - NOTES FOR STOCK SUBSCRIPTION ILLEGAL
It shall be unlawful for
the officers or directors of the banking corporation to accept the note of any
subscriber or stockholder in payment or part payment of the par value of the
common stock, surplus or undivided profits.
 
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