Statutory Text
Idaho Code § 26-709 — Statutory Bad Debt.
TITLE 26 BANKS AND BANKING CHAPTER 7 LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES 26-709. Statutory bad debt. Every bank carrying any bad debt, or a debt of doubtful value, as an asset shall, upon the request or demand of the director, collect the same or put it in good bankable condition or charge it out of its books. Any debt on which interest is past due and unpaid for a period of six (6) months, unless the same is well secured and in process of collection, shall be considered a bad debt within the meaning of this section.
History:[(26-709) 26-713, added 1979, ch. 41, sec. 2, p. 93; am. and redesig. 2004, ch. 159, sec. 9, p. 523.]
Source: legislature.idaho.gov — public domain
Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record
Root-LD v1.0 · boisestandard.org
Federation ID
BS-IC26-SEC-BF4F87
Entity Class
STATUTE / IDAHO-STATE-CODE-SECTION
Domain Signature
boisestandard.org
Jurisdiction
Idaho — United States
Citation
Idaho Code § 26-709
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
cb0ed4bc074d4570...
Semantic Edges
Pending — corpus passes queued
The statutory text of Idaho Code § 26-709 is reproduced from the official Idaho Legislature website (legislature.idaho.gov), published by the Idaho Legislative Services Office. Idaho Code is public domain.
Navigate Corpus — Idaho Code Title 26
Ch. 7 — LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
Idaho Code § 26-701Idaho Code § 26-702Idaho Code § 26-703Idaho Code § 26-704Idaho Code § 26-705Idaho Code § 26-706Idaho Code § 26-707Idaho Code § 26-708Idaho Code § 26-709Idaho Code § 26-710Idaho Code § 26-711Idaho Code § 26-712Idaho Code § 26-713Idaho Code § 26-714Idaho Code § 26-715
Idaho Code — public domain
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