Idaho § 68-406 - Life, endowment and annuity contracts - Investment of funds
Full text of Idaho Idaho Statutes § 68-406 — Life, endowment and annuity contracts - Investment of funds, with citation guidance and answers to common questions.
§ 68-406. Life, endowment and annuity contracts - Investment of funds
All guardians, trustees and other fiduciaries may legally invest any funds administered by them in any life, endowment or annuity contracts issued by any legal reserve life insurance company authorized to do business in the state of Idaho, it being the purpose of this act to authorize any private person, bank, trust company or other institution acting as guardian, trustee or fiduciary to invest funds coming into their possession or under their control as such guardian, trustee or fiduciary in any life, endowment, or annuity contracts issued by any legal reserve insurance company authorized to do business in the state of Idaho, when, in their opinion, it will be for the best interests of their wards or trust estate, provided, however, that whenever an order of the probate court or other court has been heretofore required by law for the investment of any funds being administered by such guardian, trustee or other fiduciary, then such order shall be required in cases of investment of funds under this act.
[68-406, added 1947, ch. 206, sec. 1, p. 482.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 68-406
What does Idaho Statutes § 68-406 cover?
Section 68-406 ("Life, endowment and annuity contracts - Investment of funds") 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 § 68-406?
A common citation format is "Idaho Statutes § 68-406" (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 § 68-406 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.