reglab/housing_qa huggingface dataset:
ID Code § 26-3304 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 33 - TRUST INSTITUTIONS — STATE TRUST INSTITUTION OFFICES|Section 26-3304 - TRUST OFFICE — REPRESENTATIVE TRUST OFFICE.

26-3304. TRUST OFFICE — REPRESENTATIVE TRUST OFFICE. (1) A state trust institution may establish or acquire, and maintain, trust offices or representative trust offices anywhere in this state. A state trust institution desiring to establish or acquire, and maintain, such an office shall file a written notice with the director setting forth the name of the state trust institution, the location of the proposed additional office and whether the additional office will be a trust office or a representative trust office, furnish a copy of the resolution adopted by the board authorizing the additional office and pay the filing fee, if any, prescribed by the director. (2) The state trust institution may commence business at the additional office on the thirty-first day after the date the director receives the notice, unless the director specifies an earlier or later date. (3) The thirty (30) day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the state trust institution may establish the additional office only on prior written approval by the director. (4) The director may deny approval of the additional office if the director finds that the state trust institution lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed office would be contrary to the public interest.  History: [26-3304, added 2000, ch. 288, sec. 9, p. 981.]
ID Code § 26-3305 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 33 - TRUST INSTITUTIONS — STATE TRUST INSTITUTION OFFICES|Section 26-3305 - OUT-OF-STATE OFFICES.

26-3305. OUT-OF-STATE OFFICES. (1) A state bank, a state trust company or a savings association chartered under the laws of this state may establish and maintain a new trust office or a representative trust office or acquire and maintain an office in a state other than this state. Such a trust institution desiring to establish or acquire, and maintain, an office in another state under this section shall file a notice with the director on a form prescribed by the director, which shall set forth the name of the trust institution, the location of the proposed office, whether the office will be a trust office or a representative trust office, and whether the laws of the jurisdiction where the office will be located permit the office to be maintained by the trust institution, furnish a copy of the resolution adopted by the board authorizing the out-of-state office, and pay the filing fee, if any, prescribed by the director. (2) The trust institution may commence business at the additional office on the thirty-first day after the date the director receives the notice, unless the director specifies an earlier or later date. (3) The thirty (30) day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the trust institution may establish the additional office only on prior written approval by the director. (4) The director may deny approval of the additional office if the director finds that the trust institution lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed office would be contrary to the public interest. In acting on the notice, the director shall consider the views of the appropriate bank supervisory agencies.  History: [26-3305, added 2000, ch. 288, sec. 9, p. 982.]
ID Code § 26-3401 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3401 - TRUST BUSINESS AT A BRANCH OR TRUST OFFICE OR REPRESENTATIVE TRUST OFFICE.

26-3401. TRUST BUSINESS AT A BRANCH OR TRUST OFFICE OR REPRESENTATIVE TRUST OFFICE. (1) An out-of-state trust institution may act as a fiduciary in this state or engage in a trust business in this state if it maintains a trust office in this state as permitted by this chapter, or a branch in this state. (2) An out-of-state trust institution may not act as a fiduciary, but may otherwise engage in a trust business, at a representative trust office as permitted by this chapter.  History: [26-3401, added 2000, ch. 288, sec. 10, p. 982.]
ID Code § 26-3402 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3402 - ESTABLISHING OR ACQUIRING AN INTERSTATE TRUST OFFICE OR REPRESENTATIVE OFFICE.

26-3402. ESTABLISHING OR ACQUIRING AN INTERSTATE TRUST OFFICE OR REPRESENTATIVE OFFICE. (1) An out-of-state trust institution that does not operate a trust office in this state and that meets the requirements of this chapter may establish or acquire, and maintain, a trust office in this state. (2) An out-of-state trust institution may establish or acquire, and maintain, a representative trust office in this state.  History: [26-3402, added 2000, ch. 288, sec. 8, p. 983.]
ID Code § 26-3403 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3403 - REQUIREMENT OF NOTICE.

26-3403. REQUIREMENT OF NOTICE. An out-of-state trust institution desiring to establish and maintain a new trust office or acquire and maintain a trust office in this state pursuant to this chapter shall provide, or cause its home state regulator to provide, written notice of the proposed transaction to the director on or after the date on which the out-of-state trust institution applies to the home state regulator for approval to establish or acquire, and maintain, the trust office. The filing of such notice shall be preceded or accompanied by a copy of the resolution adopted by the board authorizing the additional office and the filing fee, if any, prescribed by the director.  History: [26-3403, added 2000, ch. 288, sec. 10, p. 983.]
ID Code § 26-3404 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3404 - CONDITIONS FOR APPROVAL.

26-3404. CONDITIONS FOR APPROVAL. (1) No trust office of an out-of-state trust institution may be acquired or established in this state under this chapter unless: (a) The out-of-state trust institution shall have confirmed in writing to the director that for as long as it maintains a trust office in this state, it will comply with all applicable laws of this state; (b) The out-of-state trust institution shall have provided satisfactory evidence to the director of compliance with: (i) Any applicable requirements of part 15, chapter 1, title 30, Idaho Code, and (ii) The applicable requirements of its home state regulator for acquiring or establishing and maintaining such office. (c) The director, acting within sixty (60) days after receiving notice under section 26-3403, Idaho Code, shall have certified to the home state regulator that the requirements of this chapter have been met and the notice has been approved or, if applicable, that any conditions imposed by the director pursuant to subsection (2) of this section have been satisfied. (2) The out-of-state trust institution may commence business at the trust office on the sixty-first day after the date the director receives the notice unless the director specifies an earlier or later date, provided, with respect to an out-of-state trust institution that is not a depository institution and for which the director shall have conditioned such approval on the satisfaction by the out-of-state trust institution of any requirement applicable to a state trust company pursuant to this act, such institution shall have satisfied such conditions and provided to the director satisfactory evidence thereof. (3) The sixty (60) day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may establish the office only on prior written approval by the director. (4) The director may deny approval of the office if the director finds that the out-of-state trust institution lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed office is contrary to the public interest. In acting on the notice, the director shall consider the views of the appropriate bank supervisory agencies.  History: [26-3404, added 2000, ch. 288, sec. 10, p. 983.]
ID Code § 26-3405 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3405 - REGISTRATION OF REPRESENTATIVE TRUST OFFICE.

26-3405. REGISTRATION OF REPRESENTATIVE TRUST OFFICE. (1) An out-of-state trust institution may establish or acquire and maintain a representative trust office in this state. An out-of-state trust institution not maintaining a trust office in this state and desiring to establish or acquire, and maintain a representative trust office shall file a notice with the director on a form prescribed by the director which shall set forth the name of the out-of-state trust institution and the location of the proposed office and satisfactory evidence that the out-of-state trust institution is a trust institution, furnish a copy of the resolution adopted by the board authorizing the representative trust office, and pay the filing fee, if any, prescribed by the director. (2) The out-of-state trust institution may commence business at the representative trust office on the thirty-first day after the date the director receives the notice, unless the director specifies an earlier or later date. (3) The thirty (30) day period of review may be extended by the director on a determination that the written notice raises issues that require additional information or additional time for analysis. If the period of review is extended, the out-of-state trust institution may establish the representative trust office only on prior written approval by the director. (4) The director may deny approval of the representative trust office if the director finds that the out-of-state trust institution lacks sufficient financial resources to undertake the proposed expansion without adversely affecting its safety or soundness or that the proposed office would be contrary to the public interests. In acting on the notice, the director shall consider the views of the appropriate bank supervisory agencies.  History: [26-3405, added 2000, ch. 288, sec. 10, p. 984.]
ID Code § 26-3406 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3406 - ADDITIONAL TRUST OFFICES.

26-3406. ADDITIONAL TRUST OFFICES. An out-of-state trust institution that maintains a trust office in this state under this chapter may establish or acquire additional trust offices or representative trust offices in this state to the same extent that a state trust institution may establish or acquire additional offices in this state pursuant to the procedures for establishing or acquiring such offices set forth in section 26-3304, Idaho Code.  History: [26-3406, added 2000, ch. 288, sec. 10, p. 984.]
ID Code § 26-3407 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 34 - TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES|Section 26-3407 - NOTICE OF SUBSEQUENT MERGER, TRANSFER, OR CLOSING.

26-3407. NOTICE OF SUBSEQUENT MERGER, TRANSFER, OR CLOSING. Each out-of-state trust institution that maintains an office in this state pursuant to this act, or the home state regulator of such trust institution, shall give at least thirty (30) days’ prior written notice or, in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, to the director of: (1) Any merger, consolidation, or other transaction that would cause a change of control with respect to such out-of-state trust institution or any bank holding company that controls such trust institution, with the result that an application would be required to be filed pursuant to the federal change in bank control act of 1978, as amended, 12 U.S.C. 1817(j), or the federal bank holding company act of 1956, as amended, 12 U.S.C. 1841 et seq., or any successor statutes thereto; (2) Any transfer of all or substantially all of the trust accounts or trust assets of the out-of-state trust institution to another person; or (3) The closing or disposition of any office in this state.  History: [26-3407, added 2000, ch. 288, sec. 10, p. 984.]
ID Code § 26-3501 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3501 - PREREQUISITE TO ENGAGING IN TRUST BUSINESS.

26-3501. PREREQUISITE TO ENGAGING IN TRUST BUSINESS. (1) A corporation duly organized for the purpose of engaging in the trust business may apply for a charter to operate as a state trust company. A state trust company may perform any act as a fiduciary or engage in any trust business within or without this state. (2) A bank having the power to engage in the trust business, which is organized under the laws of this state or authorized to do business in this state, and which is chartered under the provisions of the Idaho bank act to engage in banking business in the state of Idaho, may apply for a charter from the director authorizing it to operate a trust department. (3) To the extent not inconsistent with specific provisions of this chapter, and in the discretion of the director, provisions of the Idaho bank act regarding organization, operation and closing of banks shall apply to applicants for a charter under this chapter and to state trust companies.  History: [26-3501, added 2000, ch. 288, sec. 11, p. 985.]
ID Code § 26-3502 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3502 - APPLICATION FOR CHARTER.

26-3502. APPLICATION FOR CHARTER. An application for a state trust company or trust department charter shall be in writing and in such form as the director shall prescribe, verified under oath and supported by such information, data and records as the director may require.  History: [26-3502, added 2000, ch. 288, sec. 11, p. 985.]
ID Code § 26-3503 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3503 - APPLICATION FEE.

26-3503. APPLICATION FEE. A reasonable application fee, as set by the director, shall be paid to the department with respect to each application for a charter under this chapter at the time the application is filed.  History: [26-3503, added 2000, ch. 288, sec. 11, p. 985.]
ID Code § 26-3504 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3504 - MINIMUM CAPITAL.

26-3504. MINIMUM CAPITAL. (1) A charter shall not be issued to a corporation applying for a state trust company charter having a paid-in capital of less than one million five hundred thousand dollars ($1,500,000). (2) A charter to operate a trust department shall not be issued to a bank unless the capital of the bank is in an amount of not less than one million five hundred thousand dollars ($1,500,000), in addition to its statutory required minimum capital for a bank charter required by section 26-205, Idaho Code. (3) Subject to subsection (4) of this section, a state trust company or state bank shall at all times maintain capital in at least the amount required under subsections (1) and (2) of this section. (4) The director may require additional capital for a proposed or existing state trust company or state bank or, on application in the exercise of discretion consistent with protecting safety and soundness, reduce the amount of minimum capital required for a proposed or existing state trust company or state bank.  History: [26-3504, added 2000, ch. 288, sec. 11, p. 986.]
ID Code § 26-3505 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3505 - ISSUANCE OF CHARTER.

26-3505. ISSUANCE OF CHARTER. Upon the filing of an application the director shall make or cause to be made an investigation and examination of the facts concerning the applicant and shall issue a charter if he finds: (1) The applicant is a corporation having powers and purposes to engage in the trust business, organized under the laws of this state or authorized to do business in this state as a foreign corporation; and (2) The applicant has complied with all of the applicable provisions of this act; and (3) The ability and integrity of the persons involved in the management of the applicant’s business are such as to demonstrate that it will be operated in a sound and lawful manner; and (4) The applicant has adequate facilities to engage in trust business.  History: [26-3505, added 2000, ch. 288, sec. 11, p. 986.]
ID Code § 26-3506 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3506 - RECORDS — PRESERVATION OF RECORDS.

26-3506. RECORDS — PRESERVATION OF RECORDS. A state trust company or trust department shall keep and use in its business any books, accounts and records which will enable the director to determine whether the trust institution is complying with the provisions of this act and the rules and orders of the director. The director may by rule or order provide which books, accounts and records shall be kept, and the periods of time and the manner in which they shall be preserved.  History: [26-3506, added 2000, ch. 288, sec. 11, p. 986.]
ID Code § 26-3507 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3507 - DISCLOSURE OF INFORMATION.

26-3507. DISCLOSURE OF INFORMATION. A state trust company or trust department, its officers and employees, shall not disclose information to any person concerning the existence, condition, management and administration of any trust of which it is the trustee except as such disclosure: (1) Is specifically authorized by the terms of the trust or upon the direction of the trustor; (2) Is determined by an officer of the state trust institution to be necessary for the proper administration of such trust; (3) Is required by a court of competent jurisdiction; (4) Is made, in the case of an irrevocable trust, to or upon the instructions of any beneficiary thereunder whether or not presently entitled to receive benefits from the trust; (5) Is made to the director or to any state or federal regulatory or insuring agency lawfully requiring such disclosure; (6) Is required by title 15, Idaho Code.  History: [26-3507, added 2000, ch. 288, sec. 11, p. 986.]
ID Code § 26-3508 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3508 - TRUST FUNDS.

26-3508. TRUST FUNDS. (1) All moneys received by a state trust company as a fiduciary on trust business within this state shall be deposited in a bank, in a specially designated account or accounts, shall not be commingled with any funds of the state trust company and shall remain on deposit until disbursed or invested in accordance with the powers and duties of the state trust company in its capacity as fiduciary. (2) A bank which is chartered by the director to operate a trust department shall establish and maintain a trust department in which separate books and records for each trust or estate shall be maintained. All property held by the bank as a fiduciary shall be segregated from and unmingled with other property of the bank; provided, cash held by the bank as a fiduciary may be deposited to the credit of the bank as such fiduciary in time or demand deposit accounts with itself, or may be deposited in time or demand deposit accounts with any other bank in this state so long as said bank or banks are insured by the federal deposit insurance corporation. Property held by a bank as a fiduciary may be held in the name of nominees of the bank whether the bank is the sole fiduciary or acting with others, but the bank shall be responsible for the acts of any such nominee.  History: [26-3508, added 2000, ch. 288, sec. 11, p. 987.]
ID Code § 26-3509 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3509 - LOANS TO DIRECTORS, OFFICERS OR EMPLOYEES PROHIBITED — LOANS TO AFFILIATES OR SUBSIDIARIES PROHIBITED.

26-3509. LOANS TO DIRECTORS, OFFICERS OR EMPLOYEES PROHIBITED — LOANS TO AFFILIATES OR SUBSIDIARIES PROHIBITED. (1) A state trust company or bank having a trust department shall not make any loan to any director, officer or employee of the trust institution or to any affiliate or subsidiary corporation or to any director, officer or employee of an affiliate or subsidiary corporation from its trust funds. A state trust company or bank having a trust department shall not permit any director, officer, employee, affiliate or subsidiary corporation to become indebted to it in any manner out of its trust funds unless specifically authorized to do so by the terms of the trust. (2) This section shall not prevent the maintenance by a state trust company of its trust funds in time or demand deposits in an affiliate which is a bank, or a trust department of a bank from maintaining its trust funds in the bank in accordance with section 26-3508, Idaho Code.  History: [26-3509, added 2000, ch. 288, sec. 11, p. 987.]
ID Code § 26-3510 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 35 - TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS|Section 26-3510 - CLOSING OF TRUST UNDULY DELAYED.

26-3510. CLOSING OF TRUST UNDULY DELAYED. If, as a result of an examination, the director finds that the closing of any trust by a state trust company has been unreasonably delayed, the director may initiate proceedings in a court of competent jurisdiction to require the state trust institution to perform its duties in closing the trust.  History: [26-3510, added 2000, ch. 288, sec. 11, p. 987.]
ID Code § 26-3601 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 36 - TRUST INSTITUTIONS — SUPERVISION AND ENFORCEMENT|Section 26-3601 - ADMINISTRATION AND RULES.

26-3601. ADMINISTRATION AND RULES. Every authorized trust institution shall be under the supervision of the director. The director may issue, promulgate, amend and rescind rules or orders necessary or proper to carry out the provisions of this act. All authorized trust institutions doing business under the provisions of this act shall conduct their business in a manner consistent with all laws relating to authorized trust institutions, and all rules or orders that may be promulgated or issued by the director.  History: [26-3601, added 2000, ch. 288, sec. 12, p. 988.]