reglab/housing_qa huggingface dataset:
ID Code § 26-1704 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1704 - APPLICATION OF THIS CHAPTER.

26-1704. APPLICATION OF THIS CHAPTER. International banking corporations, other than federal international bank institutions, are subject to this chapter, except where it appears, from the context or otherwise, that a provision is clearly applicable only to banks or trust companies organized under the laws of this state or the United States. An international banking corporation has no greater right under, or by virtue of, this chapter than is granted to banks organized under the laws of this state.  History: [26-1704, added 1995, ch. 99, sec. 10, p. 309.]
ID Code § 26-1705 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1705 - APPLICATION OF THE IDAHO BUSINESS CORPORATION ACT.

26-1705. APPLICATION OF THE IDAHO BUSINESS CORPORATION ACT. Where not inconsistent with this chapter and the Idaho bank act, the provisions of the Idaho business corporation act shall apply to international banking corporations doing business in this state.  History: [26-1705, added 1995, ch. 99, sec. 10, p. 309.]
ID Code § 26-1706 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1706 - REQUIREMENTS FOR CARRYING ON BANKING BUSINESS.

26-1706. REQUIREMENTS FOR CARRYING ON BANKING BUSINESS. (1) No international banking corporation, other than a federal international bank corporation, shall transact a banking business or maintain in this state any office for carrying on a banking business or any part of a banking business unless the corporation: (a) Is authorized by its articles to carry on a banking business and has complied with the laws of the country under which it is chartered; (b) Has furnished to the director any proof as to the nature and character of its business and as to its financial condition as the director may require; (c) Has filed with the director: (i) A duly executed instrument in writing, by its terms of indefinite duration and irrevocable, appointing the director its true and lawful attorney upon whom all process in any action against it may be served with the same force and effect as if it were a domestic corporation and has been lawfully served with process within the state; (ii) A written certificate of designation, which may be changed from time to time thereafter by the filing of a new certificate of designation, specifying the name and address of the officer, agent, or other person to whom the director shall forward the process; and (iii) A certified copy of any filings required to be made by foreign corporations to the secretary of state by the Idaho business corporation act. (d) Has paid to the director a fee set by the director to defray the cost of investigation and supervision. (e) Has received a license duly issued to it by the director. (2) The director shall not issue a license to an international banking corporation unless it is chartered in a foreign country that permits banks chartered by the United States or any of its states to establish similar facilities in that country.  History: [26-1706, added 1995, ch. 99, sec. 10, p. 309.]
ID Code § 26-1707 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1707 - ACTIONS AGAINST INTERNATIONAL BANKING CORPORATIONS.

26-1707. ACTIONS AGAINST INTERNATIONAL BANKING CORPORATIONS. (1) A "resident of this state" may maintain an action against an international banking corporation doing business in this state for any cause of action. For purposes of this subsection, the term resident of this state includes any individual domiciled in this state, or any corporation, partnership, or trust formed under the laws of this state. (2) An international banking corporation or a nonresident of this state may maintain an action against an international banking corporation doing business in this state in the following cases only: (a) Where the action is brought to recover damages for the breach of a contract made or to be performed within this state or relating to property situated within this state at the time of the making of the contract; (b) Where the subject matter of the litigation is situated within this state; (c) Where the cause of action arose within this state, except where the object of the action is to affect the title of real property situated outside this state; or (d) Where the action is based on a liability for acts done within this state by an international banking corporation or its international bank agency, international bank branch, or international representative office. (3) The limitations contained in subsection (2) of this section, do not apply to a corporation formed and existing under the laws of the United States and that maintains an office in this state.  History: [26-1707, added 1995, ch. 99, sec. 10, p. 310.]
ID Code § 26-1709 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1709 - EFFECT, RENEWAL, AND REVOCATION OF LICENSES — PERMISSIBLE ACTIVITIES.

26-1709. EFFECT, RENEWAL, AND REVOCATION OF LICENSES — PERMISSIBLE ACTIVITIES. (1) When the director has issued a license to an international banking corporation, it may engage in the business authorized in this act at, and only at, the office specified in the license for a period not exceeding one (1) year from the date of the license or until the license is surrendered or revoked. No license is transferable or assignable. Every license shall be, at all times, conspicuously displayed in the place of business specified in the license. (2) The international banking corporation may renew the license annually upon application to the director upon forms to be supplied by the director for that purpose. The application for renewal shall be submitted to the director no later than sixty (60) days before the expiration of the license. The license may be renewed by the director upon a determination, with or without examination, that the international banking corporation is in a safe and satisfactory condition, that it has complied with applicable requirements of law, and that the renewal of the license is proper and has been duly authorized by proper corporate action. Each application for renewal of an international banking corporation license shall be accompanied by an annual renewal fee to be determined by the director by rule. (3) The director may revoke the license, with or without examination, upon a determination that the international banking corporation does not meet the criteria established by subsection (2) of this section for renewal of licenses. (4) If the director refuses to renew the license and, as a result, the license is revoked, all the rights and privileges of the international banking corporation to transact the business for which it was licensed shall immediately cease, and the license shall be surrendered to the director within twenty-four (24) hours after written notice of the decision has been mailed by the director to the registered office of the international banking corporation set forth in its application, as amended, or has been personally delivered to any officer, director, employee, or agent of the international banking corporation who is physically present in this state. (5) An international banking corporation licensed under this act to carry on business in this state as an international bank agency may conduct a general banking business through its international bank agency in the same manner as banks existing under the laws of this state, except that no international banking corporation shall, through its bank agency, exercise fiduciary powers or receive deposits, but may maintain for the account of others credit balances incidental to or arising out of the exercise of its lawful powers.  History: [26-1709, added 1995, ch. 99, sec. 10, p. 311.]
ID Code § 26-1711 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1711 - FINANCIAL CERTIFICATION — RESTRICTIONS ON INVESTMENTS, LOANS AND ACCEPTANCES.

26-1711. FINANCIAL CERTIFICATION — RESTRICTIONS ON INVESTMENTS, LOANS AND ACCEPTANCES. (1) Before opening an office in this state, and annually thereafter so long as a bank office is maintained in this state, an international banking corporation licensed under this act shall certify to the director the amount of its paid-in capital, its surplus, and its undivided profits, each expressed in the currency of the country of its incorporation. The dollar equivalent of this amount, as determined by the director, is considered to be the amount of its capital, surplus, and undivided profits. (2) Purchases and discounts of bills of exchange, bonds, debentures, and other obligations and extensions of credit and acceptances by an international bank agency within this state are subject to the same limitations as to amount in relation to capital, surplus, and undivided profits as are applicable to banks organized under the laws of this state. With the prior approval of the director, the capital notes and capital debentures of the international banking corporation may be treated as capital in computing the limitations.  History: [26-1711, added 1995, ch. 99, sec. 10, p. 313.]
ID Code § 26-1712 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1712 - REPORTS.

26-1712. REPORTS. An international banking corporation licensed under this act shall, at the times and in the form prescribed by the director, make written reports in the English language to the director, under the oath of one (1) of its officers, managers, or agents transacting business in this state, showing the amount of its assets and liabilities and containing any other matters required by the director. If an international banking corporation fails to make a report, as directed by the director, or if a report contains a false statement knowingly made, this is grounds for revocation of the license of the international banking corporation.  History: [26-1712, added 1995, ch. 99, sec. 10, p. 314.]
ID Code § 26-1713 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1713 - DISSOLUTION.

26-1713. DISSOLUTION. (1) When an international banking corporation licensed to maintain an international bank branch or an international bank agency in this state is dissolved or its authority or existence is otherwise terminated or canceled in the jurisdiction of its incorporation, a certificate of the official responsible for records of banking corporations of the jurisdiction of incorporation of the international banking corporation attesting to the occurrence of this event or a certified copy of an order or decree of a court of the jurisdiction directing the dissolution of the international banking corporation or the termination of its existence or the cancellation of its authority shall be delivered to the director. The filing of the certificate, order, or decree has the same effect as the revocation of the international banking corporation’s license as provided in section 26-1709(4), Idaho Code. (2) An international banking corporation that proposes to terminate the operation in this state of an international bank branch, an international bank agency, or an international representative office shall comply with procedures as the director may prescribe by rule or order to insure an orderly cessation of business in a manner that is not harmful to the public interest and shall surrender its license to the director or shall surrender its right to maintain an office in this state, as applicable. (3) The director shall continue as agent of the international banking corporation upon whom process against it may be served in any action based upon any liability or obligation incurred by the international banking corporation within this state before the filing of the certificate, order, or decree; and the director shall promptly cause a copy of the process to be mailed by registered or certified mail, return receipt requested, to the international banking corporation at the post office address specified for this purpose on file with the director’s office.  History: [26-1713, added 1995, ch. 99, sec. 10, p. 314.]
ID Code § 26-1714 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1714 - INTERNATIONAL REPRESENTATIVE OFFICES.

26-1714. INTERNATIONAL REPRESENTATIVE OFFICES. (1) An international banking corporation that does not transact a banking business or any part of a banking business in or through an office in this state, but maintains an office in this state for other purposes is considered to have an international representative office in this state. (2) An international representative office located in this state shall register with the director annually on forms prescribed by the director. The registration shall be filed before January 31 of each year, shall be accompanied by a registration fee prescribed by rule or order, and shall list the name of the local representative, the street address of the office, and the nature of the business to be transacted in or through the office. (3) The director may review the operations of an international representative office annually or at any greater frequency as is necessary to assure that the office does not transact a banking business. (4) An international banking corporation desiring to convert its existing registered international representative office to a licensed international bank branch or licensed international bank agency shall submit to the director the application required in section 26-1708, Idaho Code, and is required to meet the minimum criteria for licensing of an international bank branch or licensed international bank agency under this chapter. (5) An international representative office may act in a liaison capacity with existing and potential customers of an international banking corporation and in undertaking these activities may, through its employees or agents, without limitation, solicit loans, assemble credit information, make proprietary inspections and appraisals, complete loan applications and other preliminary paperwork in preparation for making a loan, but may not solicit or accept deposits. No international representative office shall conduct any banking business or part of a banking business in this state.  History: [26-1714, added 1995, ch. 99, sec. 10, p. 314.]
ID Code § 26-1715 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 17 - IDAHO INTERNATIONAL BANKING ACT|Section 26-1715 - RULES.

26-1715. RULES. The department of finance may promulgate administrative rules necessary to implement this chapter.  History: [26-1715, added 1995, ch. 99, sec. 10, p. 315.]
ID Code § 26-1801 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1801 - SHORT TITLE.

26-1801. SHORT TITLE. This chapter shall be known as the "Idaho Savings Bank Act."  History: [26-1801, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1802 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1802 - PURPOSE.

26-1802. PURPOSE. The purpose of this act is to allow any federal savings bank, federal mutual savings bank or federal savings and loan association, located in Idaho to convert its charter to that of an Idaho bank, an Idaho stock savings bank or an Idaho mutual savings bank. Banks and credit unions chartered either under this title or federal law are also allowed to convert to savings banks as provided herein. Once converted, an Idaho stock savings bank or mutual savings bank shall operate and be supervised pursuant to this act. A savings bank operating under this act may convert to a federal charter as a federal savings bank or federal savings and loan association if authorized by federal law. A savings bank under this act may also convert to a bank charter or to a credit union charter. Wherever the term "savings and loan association" is used in the Idaho Code, it shall include savings banks chartered under this act or associations doing business in this state pursuant to section 26-1815, Idaho Code.  History: [26-1802, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1803 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1803 - DEFINITIONS.

26-1803. DEFINITIONS. Unless the context requires otherwise, the terms below have the meaning assigned: (1) "Department" means the Idaho department of finance. (2) "Director" means the director of the Idaho department of finance. (3) "Mutual savings bank" means a savings bank owned by the members of the savings bank and operating under this act. (4) "Savings bank" means a bank converted and operating pursuant to this act whether in stock form or in mutual form. (5) "Stock savings bank" means a savings bank owned by holders of capital stock and operating under this act.  History: [26-1803, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1804 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1804 - IDAHO BANK ACT AND GENERAL BUSINESS CORPORATION LAWS.

26-1804. IDAHO BANK ACT AND GENERAL BUSINESS CORPORATION LAWS. (1) Except as otherwise provided in this chapter, the Idaho bank act shall apply to all corporations converted and operating under this act. (2) Except as otherwise provided herein or in the Idaho bank act, the general business corporation laws of this state shall apply to all savings banks converted and operating under this act.  History: [26-1804, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1805 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1805 - PROHIBITIONS.

26-1805. PROHIBITIONS. Unless chartered under this act or federal law, it shall be unlawful for any person in this state to use in connection with a business name the term "savings bank" or words of similar import that lead the public reasonably to believe that the business so conducted is that of a savings bank.  History: [26-1805, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1806 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1806 - INSURANCE REQUIRED.

26-1806. INSURANCE REQUIRED. All savings banks shall obtain and maintain federal deposit insurance through an insurance corporation created by an act of Congress.  History: [26-1806, added 1997, ch. 310, sec. 3, p. 918.]
ID Code § 26-1807 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1807 - QUALIFICATION AS THRIFT INSTITUTION.

26-1807. QUALIFICATION AS THRIFT INSTITUTION. All savings banks shall qualify for and maintain the status of a thrift institution under the internal revenue code of 1986 and any amendments thereto.  History: [26-1807, added 1997, ch. 310, sec. 3, p. 919.]
ID Code § 26-1808 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1808 - TRUST POWERS.

26-1808. TRUST POWERS. Savings banks which have received a charter from the director authorizing the operation of a trust department may engage in the trust business in accordance with chapters 32 through 36, title 26, Idaho Code.  History: [26-1808, added 1997, ch. 310, sec. 3, p. 919; am. 2000, ch. 288, sec. 7, p. 975.]
ID Code § 26-1809 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1809 - POWERS.

26-1809. POWERS. In addition to the powers granted to banks under provisions of the Idaho bank act, and specifically section 26-1101, Idaho Code, savings banks may exercise any power or engage in any activity authorized either for federal savings banks or savings and loan associations or state savings banks or savings and loan associations.  History: [26-1809, added 1997, ch. 310, sec. 3, p. 919.]
ID Code § 26-1810 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1810 - DEMAND DEPOSITS.

26-1810. DEMAND DEPOSITS. Savings banks may accept deposits subject to withdrawal or to be paid upon checks of the depositor. All such deposits shall be payable on demand, without notice, except when the deposit agreement provides otherwise.  History: [26-1810, added 1997, ch. 310, sec. 3, p. 919.]
ID Code § 26-1811 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 18 - SAVINGS BANKS|Section 26-1811 - MUTUAL SAVINGS BANKS — OWNERSHIP — MEMBERSHIP — DIRECTORS — CAPITAL.

26-1811. MUTUAL SAVINGS BANKS — OWNERSHIP — MEMBERSHIP — DIRECTORS — CAPITAL. (1) Members of a mutual savings bank are the owners of the mutual savings bank and shall possess voting rights and any other rights as are provided in the articles of incorporation or bylaws of the mutual savings bank. (2) The membership of a mutual savings bank shall consist of those persons who either: (a) Hold deposit accounts in the mutual savings bank; or (b) Borrow funds or become obligated on a loan from the mutual savings bank, for as long as the loan remains unpaid and the debtor remains liable to the mutual savings bank for repayment of the loan. (3) The board of directors of a mutual savings bank shall be elected by the members at the annual meeting required by section 26-213, Idaho Code. Voting for directors by deposit account holders shall be weighted according to the total amount of deposit accounts held by the members, subject to any maximum number of votes per member which a mutual savings bank may provide in its articles of incorporation. Voting rights for borrowers shall be fully described in a detailed manner in the articles of incorporation of the mutual savings bank. (4) Mutual savings banks operating under this chapter shall at all times maintain capital at a level determined by the director to be adequate for the safe and sound operation of the savings bank. In addition to the capital plan required to be submitted to the director by section 26-1812, Idaho Code, each mutual savings bank shall periodically revise its capital plan upon written request by the director. All capital plans are subject to the approval of the director. Either failing to maintain adequate capital or operating without an approved capital plan are both violations of this chapter and grounds for sanctions under chapter 11, title 26, Idaho Code.  History: [26-1811, added 1997, ch. 310, sec. 3, p. 919.]