Idaho § 67-2742 - Withdrawal of moneys from depositories - Time deposits
Full text of Idaho Idaho Statutes § 67-2742 — Withdrawal of moneys from depositories - Time deposits, with citation guidance and answers to common questions.
§ 67-2742. Withdrawal of moneys from depositories - Time deposits
All deposits in state depositories shall be demand deposits or deposits in accounts upon which negotiable orders of withdrawal may be written, or in similar transaction deposit accounts except time deposits of idle moneys, as defined in section 67-1210 , Idaho Code, which the treasurer is hereby authorized to make. If the proceeds of a time certificate of deposit are not credited or paid to the state treasury on the maturity date of the certificate after demand by the state, the depository shall pay a penalty of one-fourth of one percent (.0025) per day on the principal amount of such certificate commencing on the day following the date of maturity and continuing until the whole amount is credited or paid to the state.
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 67-2742
What does Idaho Statutes § 67-2742 cover?
Section 67-2742 ("Withdrawal of moneys from depositories - Time deposits") 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 § 67-2742?
A common citation format is "Idaho Statutes § 67-2742" (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 § 67-2742 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.