Idaho § 26-1003 - Receiving deposits when insolvent
Full text of Idaho Idaho Statutes § 26-1003 — Receiving deposits when insolvent, with citation guidance and answers to common questions.
§ 26-1003. Receiving deposits when insolvent
The owners or officers of any bank or trust company who shall receive any deposits, knowing that such bank or trust company is insolvent, shall be guilty of a felony and punished, upon conviction thereof, by a fine not exceeding one thousand dollars ($1,000), or imprisonment in the state penitentiary not exceeding two (2) years, or both such fine and imprisonment, at the discretion of the court.
[26-1003, added 1979, ch. 41, sec. 2, p. 103.]
Frequently Asked Questions About Idaho § 26-1003
What does Idaho Statutes § 26-1003 cover?
Section 26-1003 ("Receiving deposits when insolvent") 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 § 26-1003?
A common citation format is "Idaho Statutes § 26-1003" (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 § 26-1003 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.