Idaho State Statutes - Idaho Attorney Directory

As used in this chapter:
(1) "Authorized officer" means any individual required or permitted,
alone or with others by any provision of law or by an issuing public entity to
execute a certificated registered public obligation or any writing relating to
an uncertificated registered public obligation.
(2) "Certificated registered public obligation" means a registered public
obligation which is represented by an instrument.
(3) "Code" means the Internal Revenue Code of 1954, as amended.
(4) "Facsimile seal" means the reproduction by engraving, imprinting,
stamping, or other means of the seal of the issuer, official or official body.
(5) "Facsimile signature" means the reproduction by engraving,
imprinting, stamping, or other means of a manual signature.
(6) "Financial intermediary" means a bank, broker, clearing corporation
or other person, or the nominee of any of them, which in the ordinary course
of its business maintains registered public obligation accounts for its
customers, when so acting.
(7) "Issuer" means a public entity which issues an obligation.
(8) "Obligation" means an agreement of a public entity to pay principal
and any interest thereon, whether in the form of a contract to repay borrowed
money, a lease, an installment purchase agreement, or otherwise, and includes
a share, participation, or other interest in any such agreement.
(9) "Official actions" mean the actions by statute, order, ordinance,
resolution, contract, or other authorized means by which an issuer provides
for issuance of a registered public obligation.
(10) "Official or official body" means an officer or board that is
empowered under the laws of one or more states including this state to provide
for original issuance of an obligation of the issuer, by defining the
obligation and its terms, conditions and other incidents, the successor or
successors of any such official or official body, and such other person or
group of persons as shall be assigned duties of such official or official body
with respect to a registered public obligation under applicable law from time
to time.
(11) "Public entity" means any entity, department, or agency which is
empowered under the laws of one or more states, territories, possessions of
the United States or the District of Columbia, including this state, to issue
obligations any interest with respect to which may, under any provision of
law, be provided an exemption from the income tax referred to in the code. The
term "public entity" may thus include this state, a political subdivision, a
municipal corporation, a state university or college, a school or other
special district, a joint agreement entity, a public authority, a public
trust, a nonprofit corporation, and other organizations.
(12) "Registered public obligation" means an obligation issued by a
public entity which is issued pursuant to a system of registration.
(13) "System of registration" and its variants means a plan that
provides:
(a) With respect to a certificated registered public obligation, that (i)
the certificated registered public obligation specify a person entitled to
the registered public obligation and the rights it represents, and (ii)
transfer of the certificated registered public obligation and the rights
it represents may be registered upon books maintained for that purpose by
or on behalf of the issuer; and
(b) With respect to an uncertificated registered public obligation, that
(i) books be maintained by or on behalf of the issuer for the purpose of
registration of the transfer of a registered public obligation that
specify the person entitled to the public obligation and the rights
evidenced thereby, and (ii) the transfer of the uncertificated registered
public obligation and the rights evidenced thereby be registered upon such
books.
(14) "Uncertificated registered public obligation" means a registered
public obligation which is not represented by an instrument.

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