Idaho Code
Idaho Code § 26-1014 (2026)
Federal Deposit Insurance Corporation acting as liquidator — Possession and control of assets and business of bank.
✓ current as of May 2026
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Federal Deposit Insurance Corporation acting as liquidator — Possession and control of assets and business of bank.
Upon the acceptance of the appointment of receiver or liquidator aforesaid by said corporation, and during its continuance as such receiver or liquidator, the possession and control of all the assets, business and property of such banking institution of every kind and nature shall pass to and vest in said corporation and without the execution of any instruments of conveyance, assignment, transfer or endorsement, with the same force and effect and to the same extent as in the director of the department of finance under like circumstances.
Notes of Decisions
Cited in 6
cases, 1956–1974 · leading case: In Re Chase's Est., 348 P.2d 473 (Idaho 1960).
In Re Chase's Est., 348 P.2d 473 (Idaho 1960). “" I.C. § 26-1014, relating to the creation of joint bank accounts with right of survivorship, reads as follows: "When a deposit has been made, or shall hereafter be made, in any bank, or a savings account has been opened or shall hereafter be opened in any savings and loan…”
Chase v. Reid, 348 P.2d 473 (Idaho 1960). “” I.C. § 26-1014, relating to the creation of joint bank accounts with right of survivorship, reads as follows: “When a deposit has been made, or shall hereafter be made, in any bank, or a savings account has been opened or shall hereafter be opened in any savings and loan…”
In Re Est. of Cooke, 524 P.2d 176 (Idaho 1974). “2d 473 (1960) (only three judges participated in the opinion, and one was a district judge), the continuing validity of which is not challenged here: (1) Although a joint tenancy survivorship bank account may be considered as an agreement between the named depositors and the…”
Greene v. Cooke, 524 P.2d 176 (Idaho 1973). “2d 473 (1960) (only three judges participated in the opinion, and one was a district judge), the continuing validity of which is not challenged here: (1) Although a joint tenancy survivor-ship bank account may be considered as an agreement between the named depositors and the…”
Wilson v. Comm'r, 56 T.C. 579 (Tax Ct. 1971). “Under Idaho Code Ann. sec. 26-1014 (1968), relating to the creation of joint bank accounts with the right of survivorship, a bank is discharged of its obligation with respect to such an account if it pays either one of the persons in whose name the account is carried.”
Gray v. Gray, 304 P.2d 650 (Idaho 1956). “Here the tenancy was created by a written agreement in which the parties declared the tenancy to be joint.”
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