Idaho Code 41-513 – “Share and Deposit Insurance” Defined
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Terms Used In Idaho Code 41-513
- Contract: A legal written agreement that becomes binding when signed.
Share and deposit insurance is that form of contract which guarantees the redemption of shares and deposits in a bank or a savings and loan association to its account holders and/or which guarantees to members of credit unions the redemption of shares, share accounts and deposits in a credit union.