Idaho § 26-1606 - Deposit concentrations
Full text of Idaho Idaho Statutes § 26-1606 — Deposit concentrations, with citation guidance and answers to common questions.
§ 26-1606. Deposit concentrations
(1) There shall be under the Idaho bank act, including this chapter and chapter 26, title 26 , Idaho Code, no deposit cap or concentration limit in Idaho.
(2) The director may, by order, waive any federal deposit concentration limit that has the effect of being more limiting than subsection (1) of this section. In determining to waive the federal concentration limit, the director shall apply a standard that does not discriminate against out-of-state banks, out-of-state bank holding companies, or subsidiaries thereof, upon a finding that the waiver promotes:
(a) Availability of financial services;
(b) The marketability of Idaho banks; or
(c) Other public interest.
(3) This section is not intended to affect the applicability, if any, of federal or state antitrust laws.
[26-1606, added 1995, ch. 99, sec. 9, p. 307.]
Frequently Asked Questions About Idaho § 26-1606
What does Idaho Statutes § 26-1606 cover?
Section 26-1606 ("Deposit concentrations") 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 § 26-1606?
A common citation format is "Idaho Statutes § 26-1606" (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 § 26-1606 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.