Idaho § 26-503
Full text of Idaho Idaho Statutes § 26-503, with citation guidance and answers to common questions.
§ 26-503.
Approval to acquire a bank - Requirements - Approval to commence action or acquire a company. (1) A bank holding company shall apply to the department of finance and receive the approval of the department of finance prior to acquiring a bank. The application shall include such information with respect to the financial condition and operations, management and intercompany relationships of the bank to be acquired and the holding company as the director may deem necessary or appropriate. In considering an application to acquire a bank, the director shall consider at least:
(a) The financial condition of the bank holding company and any banks already owned by the holding company;
(b) The probable effect of the acquisition on the holding company, any banks already owned by the holding company and the bank which is to be acquired; and
(c) The effect of the acquisition on competition in the providing of banking services.
(2) A financial holding company shall apply to the department of finance and receive the approval of the department of finance prior to commencing any activity or acquiring any company as described in section 26-501 (6), Idaho Code.
[26-503, added 1979, ch. 41, sec. 2, p. 82; am. 2001, ch. 137, sec. 2, p. 497.]
Frequently Asked Questions About Idaho § 26-503
What does Idaho Statutes § 26-503 cover?
Section 26-503 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 § 26-503?
A common citation format is "Idaho Statutes § 26-503" (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 § 26-503 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.