Idaho Statutes
pecnv.out

TITLE 26
BANKS AND BANKING
CHAPTER 21
IDAHO CREDIT UNION ACT
26-2170.  Definition, purpose and restrictions, Idaho corporate credit union. (a) The Idaho corporate credit union is a cooperative nonprofit corporate entity which can assist credit unions in meeting their investment and borrowing needs, assist credit unions in the sound management of their liquid assets and serve as a financial intermediary for credit unions.
(b)  Any person, corporation, copartnership or association, except a corporate credit union organized under the provisions of this chapter, or the Federal Credit Union Act, using a name or title containing the words "corporate credit union" or any derivation thereof or representing themselves as a corporate credit union shall be fined not more than one thousand dollars ($1,000), or imprisoned not more than one (1) year or both and may be permanently enjoined from using such words in its name.

History:
[26-2170, added 1977, ch. 213, sec. 2, p. 611.]


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