Idaho § 26-1216 - Carrying as asset property not actually owned
Full text of Idaho Idaho Statutes § 26-1216 — Carrying as asset property not actually owned, with citation guidance and answers to common questions.
§ 26-1216. Carrying as asset property not actually owned
It shall be unlawful for any bank or bank holding company to carry as an asset any note, obligation or security which is not the property of the bank or bank holding company; and any officer or employee of any such bank or bank holding company who places among the assets thereof any note, obligation or security which it does not actually own, or who represents to the director or any examiner appointed by him that any note, obligation or security carried among the assets of the bank or bank holding company is the property of said bank, when in fact such note, obligation or security is not owned by said bank or bank holding company shall be guilty of a misdemeanor.
[26-1216, added 1979, ch. 41, sec. 2, p. 124.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 26-1216
What does Idaho Statutes § 26-1216 cover?
Section 26-1216 ("Carrying as asset property not actually owned") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 26-1216?
A common citation format is "Idaho Statutes § 26-1216" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 26-1216 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.