Section 30-30-902 – SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS.
30-30-902. SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS. (1) A corporation may on the terms and conditions and for the consideration determined by the board of directors: (a) Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its […]
Section 30-30-626 – INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS.
30-30-626. INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS. (1) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in […]
Section 30-30-903 – SALE OF ASSETS OTHER THAN IN REGULAR COURSE OF ACTIVITIES.
30-30-903. SALE OF ASSETS OTHER THAN IN REGULAR COURSE OF ACTIVITIES. (1) A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property, with or without the goodwill, other than in the usual and regular course of its activities on the terms and conditions and for the consideration determined […]
Section 30-30-701 – AUTHORITY TO AMEND ARTICLES.
30-30-701. AUTHORITY TO AMEND ARTICLES. A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the […]
Section 30-30-904 – PROHIBITED DISTRIBUTIONS.
30-30-904. PROHIBITED DISTRIBUTIONS. Except as authorized in section 30-30-905, Idaho Code, a corporation shall not make any distributions. History: [30-30-904, added 2015, ch. 243, sec. 82, p. 1000.]
Section 30-30-702 – AMENDMENT OF ARTICLES BY DIRECTORS.
30-30-702. AMENDMENT OF ARTICLES BY DIRECTORS. (1) Unless the articles provide otherwise, a corporation’s board of directors may adopt one (1) or more amendments to the corporation’s articles without member approval: (a) To extend the duration of the corporation if it was incorporated at a time when limited duration was required by law; (b) To […]
Section 30-30-703 – AMENDMENT OF ARTICLES BY DIRECTORS AND MEMBERS.
30-30-703. AMENDMENT OF ARTICLES BY DIRECTORS AND MEMBERS. (1) Unless this act, the articles, bylaws, the members, acting pursuant to subsection (2) of this section, or the board of directors, acting pursuant to subsection (3) of this section, require a greater vote or voting by class, an amendment to a corporation’s articles to be adopted […]
Section 30-30-614 – CALL AND NOTICE OF MEETINGS.
30-30-614. CALL AND NOTICE OF MEETINGS. (1) Unless the articles, bylaws or subsection (3) of this section provides otherwise, regular meetings of the board may be held without notice. (2) Unless the articles, bylaws or subsection (3) of this section provides otherwise, special meetings of the board must be preceded by at least two (2) […]
Section 30-30-615 – WAIVER OF NOTICE.
30-30-615. WAIVER OF NOTICE. (1) A director may, at any time before, during or after the meeting, waive any notice required by this act, the articles or bylaws. Except as provided in subsection (2) of this section, the waiver must be in writing, signed by the director entitled to the notice, and filed with the […]
Section 30-30-616 – QUORUM AND VOTING.
30-30-616. QUORUM AND VOTING. (1) Except as otherwise provided in this act, the articles or bylaws, a quorum of a board of directors consists of a majority of the directors in office immediately before a meeting begins. In no event may the articles or bylaws authorize a quorum of fewer than the greater of one-third […]