{"data":{"id":"us-id/idaho-code-26-506","jurisdiction":"us-id","citation":"Idaho Code § 26-506","heading":"Change in control.","body":"All transfers of a major portion of the outstanding stock or trust certificates of a bank holding company by sale, gift, or otherwise shall be approved by the director prior to such transfer. For the purposes of this section, a major portion of the outstanding stock or trust certificates of a bank holding company is any number of any class of shares of a bank holding company the acquisition of which will result in a person acquiring the shares having voting control of the bank holding company. The director shall not approve a transfer of stock if he finds that the transferee has been removed from a position as a director, officer or employee of a bank holding company, a bank or other financial institution pursuant to an order of a state or federal agency. The director may disapprove a transfer of stock if in his opinion the transferee does not meet the requirements of a stockholder, director, or officer as set out in section 26-502, Idaho Code.","path":["TITLE 26 BANKS AND BANKING","CHAPTER 5 BANK HOLDING COMPANIES"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title26/t26ch5/sect26-506/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:00Z","sha256":"625e954b8d794fdb4e570b98aa1cdd77d9fbe1875e93b085458ce5e63e60ecc7","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-26-505","next":"us-id/idaho-code-26-507"},"notice":"GroundRules: Original legal text. Not legal advice."}