Idaho § 30-21-501 GOVERNING LAW

Idaho Statutes

§ 30-21-501 — GOVERNING LAW

Idaho § 30-21-501

Title 30CORPORATIONS

Part 5FOREIGN ENTITIES

Ch. 21IDAHO UNIFORM BUSINESS ORGANIZATIONS CODE

This text of Idaho § 30-21-501 (GOVERNING LAW) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-21-501 (2026).

Text

(a)The law of the jurisdiction of formation of an entity governs:

(1)The internal affairs of the entity;

(2)The liability that a person has as an interest holder or governor for a debt, obligation, or other liability of the entity;

(3)The liability of a series of a limited liability company, a statutory trust, or any other unincorporated entity.

(b)A foreign entity is not precluded from registering to do business in this state because of any difference between the law of the entity’s jurisdiction of formation and the law of this state.

(c)Registration of a foreign entity to do business in this state does not authorize the foreign entity to engage in any activities or affairs or exercise any power that the domestic entity of the type to which it most closely corresponds may not engage

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The law of the jurisdiction of formation of an entity governs:
(1) The internal affairs of the entity;
(2) The liability that a person has as an interest holder or governor for a debt, obligation, or other liability of the entity;
(3) The liability of a series of a limited liability company, a statutory trust, or any other unincorporated entity.
(b) A foreign entity is not precluded from registering to do business in this state because of any difference between the law of the entity’s jurisdiction of formation and the law of this state.
(c) Registration of a foreign entity to do business in this state does not authorize the foreign entity to engage in any activities or affairs or exercise any power that the domestic entity of the type to which it most closely corresponds may not engage in or exercise in this state.
(d) A foreign professional entity rendering services in this state shall be subject to the laws of this state and the code of ethics or professional responsibility that are applicable to the profession in which such professional entity is rendering services in this state.