Opinion ID: 2533998
Heading Depth: 2
Heading Rank: 2

Heading: The presumption of regularity applies to the actions of the SIF and the State in this case.

Text: The district court held that the presumption of regularity applied to the actions taken by the SIF and the State in the real estate transactions challenged by HLFPD, citing Roper v. Elkhorn at Sun Valley, 100 Idaho 790, 793, 605 P.2d 968, 971 (1980), which stated that, [t]here is in Idaho, as in most states, a presumption of regularity in the performance of official duties by public officers. This conclusion was proper. HLFPD's reliance on Weatherby v. Weatherby, 94 Idaho 504, 492 P.2d 43 (1972) is misplaced. Weatherby specifically focused on the fiduciary relationship between directors of a corporation and the shareholders, and the breach of fiduciary duties that results when a director personally profits at the shareholders' expense. Id. at 506, 492 P.2d at 45. SIF is not a corporation. Policyholders have no property interest in SIF funds. SIF is not a fiduciary to its policyholders. There is direct authority applying a presumption of regularity to decisions of public officials in Idaho, while there is no authority applying an insider trading analysis to public officials' actions. The district court's holding is affirmed.