Idaho § 26-2722 - Merger - Requirements - Applications
Full text of Idaho Idaho Statutes § 26-2722 — Merger - Requirements - Applications, with citation guidance and answers to common questions.
§ 26-2722. Merger - Requirements - Applications
(1) A licensee shall not merge with another corporation unless:
(a) The licensee is the surviving corporation and the merger is approved by the director.
(b) The licensee is a disappearing corporation, the surviving corporation is a licensee and the merger is approved by the director.
(2) A licensee shall not purchase all or substantially all of the business of another person unless the purchase is approved by the director.
(3) A licensee shall not sell all or substantially all of its business or of the business of any of its offices to another person unless that other person is a licensee and the sale is approved by the director.
(4) The director shall approve an application for approval of a merger, purchase, or sale, if, and only if, the director determines all of the following:
(a) That the merger, purchase, or sale will be safe and sound with respect to the acquiring licensee.
(b) That, upon consummation of the merger, purchase, or sale, it is reasonable to believe that the acquiring licensee will comply with this chapter.
(c) That the merger, purchase, or sale will not have a major detrimental impact on competition in the providing of financial assistance or management assistance to business firms, or if there will be such a detrimental impact, the merger, purchase, or sale is necessary in the interests of the safety and soundness of any of the parties to the merger, purchase, or sale, or is otherwise, on balance, in the public interest.
[26-2722, added 1989, ch. 252, sec. 1, p. 617.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 26-2722
What does Idaho Statutes § 26-2722 cover?
Section 26-2722 ("Merger - Requirements - Applications") 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 § 26-2722?
A common citation format is "Idaho Statutes § 26-2722" (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 § 26-2722 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.