30-25-601. POWER TO DISSOCIATE AS MEMBER — WRONGFUL DISSOCIATION. (a) A person has the power to dissociate as a member at any time, rightfully or wrongfully, by withdrawing as a member by express will under section 30-25-602(1), Idaho Code. (b) A person’s dissociation as a member is wrongful only if the dissociation: (1) Is in […]
30-25-602. EVENTS CAUSING DISSOCIATION. A person is dissociated as a member when: (1) The limited liability company knows or has notice of the person’s express will to withdraw as a member, but, if the person has specified a withdrawal date later than the date the company had known or had notice, on that later date; […]
30-25-603. EFFECT OF DISSOCIATION. (a) If a person is dissociated as a member: (1) The person’s right to participate as a member in the management and conduct of the limited liability company’s activities and affairs terminates; (2) The person’s duties and obligations under section 30-25-409, Idaho Code, as a member end with regard to matters […]
