Idaho Code § 26-711

Current through Chapter 330 of the 2024 Regular Legislative Session
Section 26-711 - LENDING OF CREDIT - SURETYSHIP AND GUARANTYSHIP

A bank may lend its credit, bind itself as a surety to indemnify another, or otherwise become a guarantor, only if it has a substantial interest in the performance of the transaction involved or has a segregated deposit sufficient in amount to cover the bank's total potential liability.

Idaho Code § 26-711

[(26-711) 26-715, added 1979, ch. 41, sec. 2, p. 93; am. and redesig. 2004, ch. 159, sec. 11, p. 523.]