26-302 ESTABLISHMENT OF BANK FACILITIES AUTHORIZED. - Idaho Statutes

TITLE 26

BANKS AND BANKING

CHAPTER 3

BANK BRANCHES

26-302. Establishment of bank facilities authorized. Any bank may, with the prior approval of the director, establish and maintain a bank facility at any point in the state of Idaho.

A bank facility when so established shall have the power to:

(a) take applications for loans, accept deposits, issue receipts therefor, and transmit such deposits to the bank maintaining such facility;

(b) carry and disburse cash change, cash checks, accept checks;

(c) issue checks drawn on or certified by the bank operating the facility, rent safe deposit boxes, transfer funds between existing bank accounts, accept loan payments, disburse cash on prearranged credit plans; and carry out such other transactions as the director may allow by regulation.

The director of the department of finance shall not approve or permit the establishment of a facility when in his judgment the establishment of such facility would tend to restrict competition.