Idaho § 26-2145 - Authority to exercise federal powers
Full text of Idaho Idaho Statutes § 26-2145 — Authority to exercise federal powers, with citation guidance and answers to common questions.
§ 26-2145. Authority to exercise federal powers
(1) Notwithstanding any other provision of law, but subject to the limitations provided for in this section, a credit union may engage in any activity that it could engage in, exercise any power it could exercise, or make any loan or investment that it could make if it were operating as a federal credit union or a credit union chartered by another state.
(2) Before engaging in any activity or exercising any power afforded under this section, a credit union shall first notify the director of its intent to do so. This notice shall be sent to the director by United States mail, postage prepaid, certified or registered, with return receipt requested, or via email to the director with confirmation of receipt. In either case, delivery is effective as of the date of the department’s confirmation of receipt. Should the director take no action on the request within twenty (20) days of delivery to the director, the right to engage in the action or power so requested shall be deemed granted.
(3) Should the director deny the request, the affected credit union shall have the right to request a hearing before the director, which hearing shall be held within thirty (30) days of the date of the denial.
(4) The director shall have the discretion to deny any request that is inconsistent with the purposes of this chapter.
(5) No such approval shall operate to deny the director of any of his authority under this chapter and such permitted activity shall be subject to regulation by the director.
[26-2145, added 1984, ch. 95, sec. 2, p. 221; am. 1997, ch. 111, sec. 3, p. 270; am. 2024, ch. 130, sec. 8, p. 527.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 26-2145
What does Idaho Statutes § 26-2145 cover?
Section 26-2145 ("Authority to exercise federal powers") 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 § 26-2145?
A common citation format is "Idaho Statutes § 26-2145" (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 § 26-2145 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.