Idaho Code § 26-1012
Idaho Code § 26-1012. Reproduced from the official Idaho Statutes, with a citation summary, verification link, and related provisions.
§ 26-1012.
Closed bank - Federal Deposit Insurance Corporation furnishing funds for payment of insured deposit liabilities - Subrogation. Whenever any banking institution shall have been closed as aforesaid, and said Federal Deposit Insurance Corporation shall pay or make available for payment the insured deposit liabilities of such closed institution, the corporation, whether or not it shall have become receiver or liquidator of such closed banking institution, as herein provided, shall be subrogated to all rights against such closed banking institution, of the owners of such deposits, in the same manner and to the same extent as subrogation of the corporation is provided for in subsection (1) of section 12B of said Federal Reserve Act, as amended (being section 8 of said "Banking Act of 1933") in the case of the closing of a national bank, provided, that the rights of depositors and other creditors of such closed institution shall be determined in accordance with the applicable provisions of the laws of this state.
[26-1012, added 1979, ch. 41, sec. 2, p. 107.]
Source: official Idaho text · Last verified 2026-08-27
At a glance
- Citation: Idaho Statutes § 26-1012
- Jurisdiction: Idaho
- Code: Idaho Statutes
- Text: transcribed from the official source (verify below)
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