No out-of-state financial institution or out-of-state financial institution holding company shall be allowed to join in an application for transfer of fiduciary capacities pursuant to the provisions of this chapter unless such out-of-state financial institution or out-of-state financial institution holding company first complies in full with the provisions of chapter 26, title 26 , Idaho Code, and obtains approval of the director as specified in chapter 26, title 26 , Idaho Code.

[26-1404, added 1991, ch. 215, sec. 2, p. 518.]