Idaho § 26-3607 - Impairment of capital - Unsafe condition - Receivership
Full text of Idaho Idaho Statutes § 26-3607 — Impairment of capital - Unsafe condition - Receivership, with citation guidance and answers to common questions.
§ 26-3607. Impairment of capital - Unsafe condition - Receivership
If it appears to the director that the capital of a state trust company is either reduced or impaired below one million five hundred thousand dollars ($1,500,000) or the affairs of the company are in an unsound condition, the director shall order the state trust company to make good any deficit or to remedy the unsafe condition of its affairs within sixty (60) days of the date of such order and may restrict and regulate the operation of the state trust company until the capital is so restored. If the deficiency in capital has not been made good and the unsafe condition remedied within sixty (60) days, the director may apply to the district court, in the county in which the principal office of the state trust company is located, to be appointed receiver for the liquidation or rehabilitation of the state trust company. The expense of such receivership shall be paid out of the assets of the state trust company.
[26-3607, added 2000, ch. 288, sec. 12, p. 990.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 26-3607
What does Idaho Statutes § 26-3607 cover?
Section 26-3607 ("Impairment of capital - Unsafe condition - Receivership") 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 § 26-3607?
A common citation format is "Idaho Statutes § 26-3607" (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 § 26-3607 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.