Idaho § 26-801 - Borrowing money - Limitations
Full text of Idaho Idaho Statutes § 26-801 — Borrowing money - Limitations, with citation guidance and answers to common questions.
§ 26-801. Borrowing money - Limitations
At no time shall the total borrowings of any bank exceed in the aggregate an amount equal to the capital structure of the bank, except with the consent of the director.
For the purpose of computing total borrowings the following items shall not be included:
(1) Federal funds purchased.
(2) The sale of securities by a bank, under an agreement to repurchase at the end of a stated period.
(3) Borrowings from the federal reserve system.
(4) The sale of mortgage loans by a bank, under agreement to repurchase at the end of a stated period.
(5) Money borrowed to meet seasonal requirements.
(6) Money borrowed to meet unexpected withdrawals.
(7) Capital notes issued in accordance with section 26-802 , Idaho Code.
(8) Borrowing from federal home loan banks.
The total of all borrowings by a bank including those items excluded from the computation of total borrowings may not exceed in the aggregate an amount equal to two and one-half (2 1/2) times the capital structure of the bank, except with the consent of the director.
Whenever it shall appear to the director that a bank is borrowing money in excess of the above limitation, or for purposes other than as specified above, he may require it to reduce such borrowings within a time to be fixed by him.
[26-801, added 1979, ch. 41, sec. 2, p. 94; am. 2004, ch. 159, sec. 16, p. 524; am. 2007, ch. 126, sec. 5, p. 378.]
Frequently Asked Questions About Idaho § 26-801
What does Idaho Statutes § 26-801 cover?
Section 26-801 ("Borrowing money - Limitations") 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 § 26-801?
A common citation format is "Idaho Statutes § 26-801" (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 § 26-801 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.