Idaho § 67-2701 - Department of finance - Creation - Director - Organization - Powers and duties
Full text of Idaho Idaho Statutes § 67-2701 — Department of finance - Creation - Director - Organization - Powers and duties, with citation guidance and answers to common questions.
§ 67-2701. Department of finance - Creation - Director - Organization - Powers and duties
(a) There is hereby created the department of finance. The department shall, for the purposes of section 20, article IV, of the constitution of the state of Idaho, be an executive department of state government. The governor shall appoint, with the advice and consent of the senate, a director of the department of finance who shall serve at the pleasure of the governor. The director shall have had at least five (5) years practical experience in the banking business, or shall have served for a like period in the banking division of this or some other state. Neither the director of the department nor any administrator of a division in the department shall be the owner of or financially interested either directly or indirectly in any banking or insurance corporation subject to the supervision of the department.
(b) The department of finance shall be composed of such divisions as are established by law and such other units as may be administratively established. The director of the department shall appoint, subject to the approval of the governor, an administrator for such divisions as may be established. The director shall, subject to the approval of the governor, fix the salary of each administrator.
(c) The director of the department of finance shall have power:
1. To exercise the rights, powers and duties vested by law in the department or in the director.
2. To execute the laws relating to banks and banking.
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 67-2701
What does Idaho Statutes § 67-2701 cover?
Section 67-2701 ("Department of finance - Creation - Director - Organization - Powers and duties") 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 § 67-2701?
A common citation format is "Idaho Statutes § 67-2701" (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 § 67-2701 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.