reglab/housing_qa huggingface dataset:
ID Code § 26-2244 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2244 - CEASE AND DESIST ORDERS, PENALTY.

26-2244. CEASE AND DESIST ORDERS, PENALTY. (1) Whenever it appears to the director that it is in the public interest, he may order any person to cease and desist from acts, practices, or omissions which constitute a violation of this act or a rule adopted or an order issued under this act. (2) Whenever, after notice and the opportunity for a hearing, the director finds that any person has engaged in any act, practice, or omission constituting a violation of any provision of this act or a rule adopted or an order issued under this act, the director may order the person to cease and desist from such acts, practices or omissions and: (a) Impose a civil penalty of not more than five thousand dollars ($5,000) for each violation upon any person found to have violated any provision of this act or a rule adopted or an order issued under this act; (b) Issue an order restoring to any person in interest any consideration that may have been acquired or transferred in violation of this act or a rule adopted or an order issued under this act; and (c) Issue an order that the person violating this act or a rule adopted or an order issued under this act pay costs, which in the discretion of the director may include an amount representing reasonable attorney’s fees and reimbursement for investigative efforts.  History: [26-2244, added 1970, ch. 53, sec. 23, p. 118; am. 1974, ch. 24, sec. 28, p. 744; am. 1990, ch. 346, sec. 9, p. 936; am. 1993, ch. 165, sec. 7, p. 421; am. 2002, ch. 190, sec. 6, p. 549; am. 2008, ch. 347, sec. 25, p. 955.]
ID Code § 26-2245 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2245 - DIRECTOR’S POWER TO ENJOIN VIOLATIONS.

26-2245. DIRECTOR’S POWER TO ENJOIN VIOLATIONS. (1) Whenever it appears to the director that any person, or employee or agent thereof, has engaged in or is about to engage in any act or practice or omission constituting a violation of any provision of this act, or any rule or order issued hereunder, he may in his discretion bring an action in any court of competent jurisdiction to enjoin any such acts, practices or omissions and to enforce compliance with this act or any rule adopted or order issued hereunder. Upon a showing that a person, or employee or agent thereof, has engaged in or is about to engage in an act, practice or omission constituting a violation of this act or any rule adopted or order issued hereunder, a permanent or temporary injunction, or restraining order shall be granted and a receiver or conservator may be appointed, which may be the director, for the defendant’s assets. The director shall not be required to furnish a bond. (2) In addition to the foregoing, the director, in his discretion and upon a showing in any court of competent jurisdiction that a person has violated any provision of this act or rule adopted or order issued hereunder, may be granted the following additional remedies: (a) An order restoring to any person in interest any consideration that may have been acquired or transferred in violation of this act; (b) An order that the person violating this act, rule or order issued hereunder, pay a civil penalty to the department in an amount not to exceed five thousand dollars ($5,000) for each violation; (c) An order allowing the director to recover costs, which in the discretion of the court may include an amount representing reasonable attorney’s fees and reimbursement for investigative efforts; and (d) An order granting other appropriate remedies upon a proper showing.  History: [26-2245, added 1970, ch. 53, sec. 24, p. 118; am. 2002, ch. 190, sec. 7, p. 549; am. 2008, ch. 347, sec. 26, p. 955.]
ID Code § 26-2247 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2247 - INSTITUTION OF CRIMINAL PROCEEDINGS.

26-2247. INSTITUTION OF CRIMINAL PROCEEDINGS. The director may refer such evidence as may be available concerning violations of this act or of any rule or order hereunder to the attorney general or the proper prosecuting attorney, either of whom may in his discretion, with or without such a reference, institute appropriate criminal proceedings under this act.  History: [26-2247, added 1970, ch. 53, sec. 26, p. 118.]
ID Code § 26-2248 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2248 - ADMINISTRATION OF ACT.

26-2248. ADMINISTRATION OF ACT. The administration of the provisions of this act shall be under the general supervision and control of the director, subject to chapter 52, title 67, Idaho Code. The director may from time to time adopt, amend, and rescind rules and issue orders necessary to carry out the provisions of this act. No rule or order may be made unless the director finds that the action is necessary or appropriate for the public interest or for the protection of the public consistent with the purposes of this act.  History: [26-2248, added 1970, ch. 53, sec. 27, p. 118; am. 2008, ch. 347, sec. 29, p. 957.]
ID Code § 26-2249 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2249 - JUDICIAL REVIEW OF FINAL ORDERS OF DIRECTOR.

26-2249. JUDICIAL REVIEW OF FINAL ORDERS OF DIRECTOR. Any person aggrieved by a final order of the director may obtain judicial review of that order pursuant to the provisions of chapter 52, title 67, Idaho Code.  History: [26-2249, added 1970, ch. 53, sec. 28, p. 118; am. 1993, ch. 216, sec. 12, p. 596.]
ID Code § 26-2251 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 22 - COLLECTION AGENCIES|Section 26-2251 - SEVERABILITY.

26-2251. SEVERABILITY. The provisions of this act are hereby declared to be severable and if any provision of this act or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of the remaining portions of this act.  History: [26-2251, added 2008, ch. 347, sec. 31, p. 957.]
ID Code § 26-2401 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2401 - DEFINITIONS.

26-2401. DEFINITIONS. As used in this act, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows: (1) "Corporation" means an Idaho industrial development corporation created under this act. (2) "Financial institution" means any banking corporation or trust company, savings and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds. (3) "Member" means any financial institution authorized to do business within this state which shall undertake to lend money to a corporation created under this act, upon its call, and in accordance with the provisions of this act. (4) "Board of directors" means the board of directors of the corporation created under this act. (5) "Loan limit" means for any member, the maximum amount permitted to be outstanding at one (1) time on loans made by such member to the corporation, as determined under the provisions of this act.  History: [(26-2401) 1963, ch. 273, sec. 1, p. 695; I.C., sec. 30-1501 (1963 Supp.).]
ID Code § 26-2404 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2404 - RIGHT TO PURCHASE OR TRANSFER CAPITAL STOCK OR OBLIGATIONS OF CORPORATION.

26-2404. RIGHT TO PURCHASE OR TRANSFER CAPITAL STOCK OR OBLIGATIONS OF CORPORATION. Notwithstanding any rule at common law or any provision of any general or special law or any provision in their respective charters, agreements of association, articles of organization or trust indentures: (1) Any person, including all domestic corporations organized for the purpose of carrying on business within this state and further including without implied limitation, public utility companies and insurance companies, and foreign corporations licensed to do business within this state, and all financial institutions as defined herein, and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of any bonds, securities or other evidences of indebtedness created by, or the shares of the capital stock of, the corporation, and while owners of said stock to exercise all the rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory authority of the state except as otherwise provided in this act; provided, however, that a financial institution which does not become a member of the corporation shall not be permitted to acquire any shares of the capital stock of the corporation; (2) All financial institutions are hereby authorized to become members of the corporation and to make loans to the corporation as provided herein and; (3) Each financial institution which becomes a member of the corporation is hereby authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of, any bonds, securities or other evidences of indebtedness created by, or the shares of the capital stock of the corporation, and while owners of said stock to exercise all the rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory authority of the state; provided, that the amount of the capital stock of the corporation which may be acquired by any member pursuant to the authority granted herein shall not exceed ten percent (10%) of the loan limit of such member. The amount of capital stock of the corporation which any member is authorized to acquire pursuant to the authority granted herein is in addition to the amount of capital stock in corporations which such member may otherwise be authorized to acquire.  History: [(26-2404) 1963, ch. 273, sec. 4, p. 695; I.C., sec. 30-1504 (1963 Supp.).]
ID Code § 26-2406 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2406 - DURATION OF MEMBERSHIP.

26-2406. DURATION OF MEMBERSHIP. Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation five (5) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice. A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.  History: [(26-2406) 1963, ch. 273, sec. 6, p. 695; I.C., sec. 30-1506 (1963 Supp.).]
ID Code § 26-2407 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2407 - POWERS OF STOCKHOLDERS AND MEMBERS.

26-2407. POWERS OF STOCKHOLDERS AND MEMBERS. The stockholders of the corporation shall have the power to determine the number of and elect directors as provided in section 26-2409. The stockholders and the members of the corporation shall have the following powers of the corporation: (1) To make, amend and repeal bylaws; (2) To amend the articles of incorporation as provided in section 26-2408; (3) To dissolve the corporation as provided in section 26-2415; (4) To do all things necessary or desirable to secure aid, assistance loans and other financing from any financial institutions, and from any agency established under the Small Business Investment Act of 1958, and amendments thereto or other similar federal laws now or hereafter enacted. (5) To exercise such other of the powers of the corporation consistent with this act as may be conferred on the stockholders and the members by the bylaws. As to all matters requiring action by the stockholders and the members of the corporation, said stockholders and said members shall vote separately thereon by classes, and, except as otherwise herein provided, such matters shall require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting shall be entitled and the affirmative vote of a majority of the votes to which the member present or represented at the meeting shall be entitled. Each stockholder shall have one (1) vote, in person or by proxy for each share of capital stock held by him, and each member shall have one (1) vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars ($1,000) shall have one (1) additional vote, in person or by proxy, for each additional one thousand dollars ($1,000) which such member is authorized to have outstanding on loans to the corporation at any one (1) time as determined under paragraph (b) of subsection (3) of section 26-2405.  History: [(26-2407) 1963, ch. 273, sec. 7, p. 695; I.C., sec. 30-1507 (1963 Supp.); am. 1965, ch. 74, sec. 2, p. 117.]
ID Code § 26-2408 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2408 - AMENDMENT TO ARTICLES OF INCORPORATION.

26-2408. AMENDMENT TO ARTICLES OF INCORPORATION. The articles of incorporation may be amended by the votes of the stockholders and the members of the corporation, voting separately by classes, and such amendments shall require approval by the affirmative vote of two-thirds (2/3) of the votes to which the stockholders shall be entitled and two-thirds (2/3) of the votes to which the members shall be entitled; provided, that no amendment of the articles of incorporation which is inconsistent with the general purposes expressed herein or which authorizes any additional class of capital stock to be issued, or which eliminates or curtails the right of the director of the department of finance to examine the corporation or the obligation of the corporation to make reports as provided in section 26-2412, shall be made; and provided, further, that no amendment of the articles of incorporation which increases the obligation of a member to make loans to the corporation, or makes any change in the principal amount, interest rate, maturity date, or in the security or credit position of outstanding loan of a member to the corporation, or affects a member’s right to withdraw from membership as provided herein, or affects a member’s voting rights as provided herein, shall be made without the consent of each member affected by such amendment. Within thirty (30) days after any meeting at which an amendment of the articles of incorporation has been adopted, articles of amendment signed and sworn to by the president, treasurer, and a majority of the directors, setting forth such amendment and due adoption thereof, shall be submitted to the secretary of state, which (who) shall examine them and if he finds that they conform to the requirements of this act, shall so certify and indorse his approval thereon. Thereupon, the articles of amendment shall be filed in the office of the secretary of state and no such amendment shall take effect until such articles of amendment shall have been filed as aforesaid.  History: [(26-2408) 1963, ch. 273, sec. 8, p. 695; I.C., sec. 30-1508 (1963 Supp.).]
ID Code § 26-2409 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2409 - BUSINESS OF CORPORATION MANAGED BY BOARD OF DIRECTORS.

26-2409. BUSINESS OF CORPORATION MANAGED BY BOARD OF DIRECTORS. The business and affairs of the corporation shall be managed and conducted by a board of directors, a president, a vice-president, a secretary, a treasurer, and such other officers and such agents as the corporation by its bylaws shall authorize. The board of directors shall consist of such number, not less than eleven (11) nor more than twenty-one (21), at least two-thirds (2/3) of which directors shall be officers or employees of members, as defined in section 26-2401, Idaho Code, as shall be determined in the first instance by the incorporators and thereafter annually by the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except such as are conferred by law or by the bylaws of the corporation upon the stockholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director which shall be filled as hereinafter provided. The board of directors shall be elected in the first instance by the incorporators and thereafter at the annual meeting, which annual meeting shall be held during the month of January, or, if no annual meeting shall be held in the year of incorporation, then within ninety (90) days after the approval of the articles of incorporation at a special meeting as hereinafter provided. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after the election and until their successors are elected and qualified unless sooner removed in accordance with the provisions of the by-laws. Any vacancy in the office of a director shall be filled by the directors. Directors and officers shall not be responsible for losses unless the same shall have been occasioned by the wilful misconduct of such directors and officers.  History: [(26-2409) 1963, ch. 273, sec. 9, p. 695; I.C., sec. 30-1509 (1963 Supp.); am. 1965, ch. 74, sec. 3, p. 117.]
ID Code § 26-2410 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2410 - EARNED SURPLUS.

26-2410. EARNED SURPLUS. Each year the corporation shall set apart as earned surplus not less than ten percent (10%) of its net earnings for the preceding fiscal year until such surplus shall be equal in value to one-half (1/2) of the amount paid in on capital stock then outstanding. Whenever the amount of surplus established herein shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation. Net earnings and surplus shall be determined by the board of directors, after providing for such reserves as said directors deem desirable, and the determination of the directors made in good faith shall be conclusive on all persons.  History: [(26-2410) 1963, ch. 273, sec. 10, p. 695; I.C., sec. 30-1510 (1963 Supp.).]
ID Code § 26-2411 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2411 - DEPOSITS IN BANKS.

26-2411. DEPOSITS IN BANKS. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated. The corporation shall not receive money on deposit.  History: [(26-2411) 1963, ch. 273, sec. 11, p. 695; I.C., sec. 30-1511 (1963 Supp.).]
ID Code § 26-2412 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2412 - ANNUAL FINANCIAL EXAMINATION.

26-2412. ANNUAL FINANCIAL EXAMINATION. The corporation shall be examined at least once annually by the director of the department of finance and shall make reports of its condition not less than annually to said director of the department of finance and more frequently upon call of the director of the department of finance, who in turn shall make copies of such reports available to the director of the department of insurance and the governor; and the corporation shall also furnish such other information as may from time to time be required by the director of the department of finance and secretary of state. The corporation shall pay the actual cost of said examinations. The director of the department of finance shall exercise the same power and authority over corporations organized under this act as is now exercised over banks and trust companies by the provisions of title 26, Idaho Code, where the provision[s] of title 26, Idaho Code, are not in conflict with this act.  History: [(26-2412) 1963, ch. 273, sec. 12, p. 695; I.C., sec. 30-1512 (1963 Supp.).]
ID Code § 26-2413 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2413 - MEETINGS.

26-2413. MEETINGS. The first meeting of the corporation shall be called by a notice signed by three (3) or more of the incorporators, stating the time, place and purpose of the meeting, a copy of which notice shall be mailed, or delivered, to each incorporator at least five (5) days before the day appointed for the meeting. Said first meeting may be held without such notice upon agreement in writing to that effect signed by all the incorporators. There shall be recorded in the minutes of the meeting a copy of said notice or of such unanimous agreement of the incorporators. At such first meeting, the incorporators shall organize by the choice, by ballot, of a temporary clerk; by the adoption of bylaws; by the election by ballot of directors; and by action upon such other matters within the powers of the corporation as the incorporators may see fit. The temporary clerk shall be sworn and shall make and attest a record of the proceedings. Ten (10) of the incorporators shall be a quorum for the transaction of business.  History: [(26-2413) 1963, ch. 273, sec. 13, p. 695; I.C., sec. 30-1513 (1963 Supp.).]
ID Code § 26-2414 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2414 - DURATION OF CORPORATION.

26-2414. DURATION OF CORPORATION. Unless otherwise provided in the articles of incorporation, the period of duration of the corporation shall be perpetual, subject, however, to the right of the stockholders and the members to dissolve the corporation prior to the expiration of said period as provided in section 26-2415.  History: [(26-2414) 1963, ch. 273, sec. 14, p. 695; I.C., sec. 30-1514 (1963 Supp.).]
ID Code § 26-2415 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2415 - DISSOLUTION.

26-2415. DISSOLUTION. The corporation may upon the affirmative vote of two-thirds (2/3) of the votes to which the stockholders shall be entitled and two-thirds (2/3) of the votes to which the members shall be entitled dissolve said corporation as provided by sections 30-1-82 through 30-1-93, Idaho Code, insofar as those sections are not in conflict with the provisions of this act. Upon any dissolution of the corporation, none of the corporation’s assets shall be distributed to the stockholders until all sums due the members of the corporation as creditors thereof have been paid in full.  History: [(26-2415) 1963, ch. 273, sec. 15, p. 695; I.C., sec. 30-1515 (1963 Supp.); am. 1980, ch. 197, sec. 25, p. 452.]
ID Code § 26-2416 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2416 - CREDIT OF STATE NOT PLEDGED.

26-2416. CREDIT OF STATE NOT PLEDGED. Under no circumstances shall the credit of the state of Idaho be pledged to any corporation organized under the provisions of this act.  History: [26-2416, added 1963, ch. 273, sec. 16, p. 695.]
ID Code § 26-2417 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS|Section 26-2417 - CORPORATION DEEMED A STATE DEVELOPMENT COMPANY.

26-2417. CORPORATION DEEMED A STATE DEVELOPMENT COMPANY. Any corporation organized under the provisions of this act shall be a state development company, as defined in the Small Business Investment Act of 1958, and amendments thereto, or any other similar federal legislation, and shall be authorized to operate on a statewide basis.  History: [(26-2417) 1963, ch. 273, sec. 17, p. 695; I.C., sec. 30-1517 (1963 Supp.).]