Section 30-30-1001 – DISSOLUTION BY INCORPORATORS OR DIRECTORS AND THIRD PERSONS.
30-30-1001. DISSOLUTION BY INCORPORATORS OR DIRECTORS AND THIRD PERSONS. (1) A majority of the incorporators or directors of a corporation that has no members may, prior to the organization meeting of directors and subject to any approval required by the articles or bylaws, dissolve the corporation by delivering to the secretary of state articles of […]
Section 30-30-1002 – DISSOLUTION BY DIRECTORS, MEMBERS AND THIRD PERSONS.
30-30-1002. DISSOLUTION BY DIRECTORS, MEMBERS AND THIRD PERSONS. (1) Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to subsection (3) of this section, require a greater vote or voting by class, dissolution is authorized if it is approved: (a) By the board; (b) By the members, if any, […]
Section 30-30-1003 – ARTICLES OF DISSOLUTION.
30-30-1003. ARTICLES OF DISSOLUTION. (1) At any time after dissolution is authorized, the corporation may dissolve by delivering to the secretary of state articles of dissolution setting forth: (a) The name of the corporation; (b) The date dissolution was authorized; (c) A statement that dissolution was approved by a sufficient vote of the board; (d) […]
Section 30-30-1004 – EFFECT OF DISSOLUTION.
30-30-1004. EFFECT OF DISSOLUTION. (1) A dissolved corporation continues its corporate existence but may not carry on any activities except those appropriate to wind up and liquidate its affairs, including: (a) Preserving and protecting its assets and minimizing its liabilities; (b) Discharging or making provision for discharging its liabilities and obligations; (c) Disposing of its […]
Section 30-30-1005 – KNOWN CLAIMS AGAINST DISSOLVED CORPORATION.
30-30-1005. KNOWN CLAIMS AGAINST DISSOLVED CORPORATION. (1) The directors of a dissolved corporation may dispose of the known claims against it by following the procedure described in this section. (2) The directors of a dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written […]
Section 30-30-1006 – UNKNOWN CLAIMS AGAINST DISSOLVED CORPORATION.
30-30-1006. UNKNOWN CLAIMS AGAINST DISSOLVED CORPORATION. (1) The directors of a dissolved corporation may also publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice. (2) The notice must: (a) Be published one (1) time in a newspaper of general circulation in the county […]
Section 30-30-1101 – CORPORATE RECORDS.
30-30-1101. CORPORATE RECORDS. (1) A corporation shall keep as permanent records minutes of all meetings of its members and board of directors, a record of all actions taken by the members or directors without a meeting, and a record of all actions taken by committees of the board of directors as authorized in section 30-30-617(4), […]
Section 30-30-710 – CLASS VOTING BY MEMBERS ON AMENDMENTS TO BYLAWS.
30-30-710. CLASS VOTING BY MEMBERS ON AMENDMENTS TO BYLAWS. (1) If the members of a class in a corporation are entitled to vote as a class on amendments to the bylaws, they may vote as a class on a proposed amendment to the bylaws if the amendment would: (a) Affect the rights, privileges, preferences, restrictions […]
Section 30-30-801 – APPROVAL BY THIRD PERSONS.
30-30-801. APPROVAL BY THIRD PERSONS. The articles may require an amendment to the articles or bylaws to be approved in writing by a specified person or persons other than the board. Such an article provision may only be amended with the approval in writing of such person or persons. History: [30-30-801, added 2015, ch. 243, […]
Section 30-30-802 – APPROVAL OF PLAN OF MERGER.
30-30-802. APPROVAL OF PLAN OF MERGER. (1) One (1) or more nonprofit corporations may merge into a business or nonprofit corporation, if the plan of merger is approved as provided in section 30-30-803, Idaho Code. (2) The plan of merger must set forth: (a) The name of each corporation planning to merge and the name […]