Idaho Code tit. 26, ch. 21 – Idaho Credit Union Act | Midpage

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Idaho Statutes

Chapter 21

Idaho Code tit. 26, ch. 21

Idaho Credit Union Act

26-2101Scope.26-2102Purpose.26-2103Supplementary general principles of law applicable.26-2104Definition and use of terms.26-2105Organization.26-2106Amendment to Articles of Incorporation and Bylaws — Approval of Director — Procedure.26-2107Restrictions.26-2108Powers.26-2109Power to Acquire and Hold Real Property.26-2110Membership.26-2111Expulsion and Withdrawal from Field or Membership.26-2113Member Voting.26-2113AAnnual Membership Meetings.26-2113BSpecial Membership Meetings.26-2114Board of Directors — Election of Directors — Terms — Vacancies — Meetings — Rules.26-2114Aboard members — QUALIFICATIONS.26-2114BOfficials — FIDUCIARY DUTY — reliance on INFORMATION.26-2115Officers.26-2116Board of Directors — Powers and Duties.26-2117Penalties for official misconduct.26-2118Credit Committee — Appointment — Duties.26-2119loans.26-2120Limit on Loan Amount — Loans to One Borrower.26-2120ALimit on Loan Maturity.26-2121Supervisory Committee — Membership — Terms — Vacancies.26-2121ASupervisory Committee Duties.26-2121BSuspension of Members of the Board by Supervisory Committee — for Cause.26-2121CSUSPENSION OF MEMBERS OF the BOARD OR SUPERVISORY COMMITTEE BY BOARD — FOR CAUSE.26-2121DRemoval of Director or Supervisory Committee Member.26-2122Compensation — Credit union manager, employment.26-2123Shares and certificates of deposit.26-2124Joint accounts.26-2125Minors.26-2126trust accounts.26-2127Investment of Funds.26-2128Liquidity requirements.26-2129Reserve requirements.26-2130Dividends.26-2131Share reduction.26-2132Merger.26-2133Reports — Financial and Statistical Data.26-2134Application fees.26-2135Books and records.26-2136fees.26-2136AExaminations and Investigations Reports — Access to Records — Oaths — Subpoenas.26-2136BExamination Reports and Specified Other Information Confidential — Exceptions — Penalty.26-2136CdISCLOSURE OF CONFIDENTIAL INFORMATION by the Department — penalty.26-2137False reports.26-2138Taxation.26-2139Conversion.26-2140Cease and desist order — Penalty.26-2140AConservatorship.26-2140Bsuspension or removal of directors, supervisory committee members, officers, or employees — prohibition of future employment.26-2141Appointment of Receiver — Conditions — Proceeding — Bond — Reporting Schedule — Subrogation of Federal Agency to Rights of Deposit Owners.26-2141Areceiver — duties — powers.26-2142Voluntary and/or involuntary liquidation.26-2143Head Office and Branch Offices.26-2144Administration, rules and regulations.26-2145Authority to exercise federal powers.26-2151custodial accounts.26-2152Interstate credit unions — Approval — Permit — Fees — Supervision.26-2153Share and deposit insurance.26-2154Credit unions eligible as depositories.26-2155Designation of depository — Reporting of reserves and undivided earnings.26-2156Bond Coverage.26-2157AUTHORITY OF DIRECTOR TO CALL and attend SPECIAL MEETING OF THE BOARD.26-2170Definition, purpose and restrictions, Idaho corporate credit union.26-2171Organization — Idaho corporate credit union.26-2172Amendments — Idaho corporate credit union.26-2173Corporate powers — Idaho corporate credit union.26-2174Membership in the Idaho corporate credit union.26-2175Expulsion and/or withdrawal from the field of membership of the Idaho corporate credit union.26-2176Meetings and elections of the Idaho corporate credit union.26-2177Official family — Idaho corporate credit union.26-2178Officers — Idaho corporate credit union.26-2179Board of directors — Idaho corporate credit union.26-2180Loans to member credit unions — Idaho corporate credit union.26-2181Compensation — Corporate officers.26-2182Shares and deposits.26-2183Reserve allocations — Idaho corporate credit union.26-2184Dividends — Idaho corporate credit union.26-2185Applicable provisions of the Idaho credit union act.26-2186Taxation — Idaho corporate credit union.26-2187Construction against repeal.26-2188Severability.