Idaho § 30-25-603 EFFECT OF DISSOCIATION

Idaho Statutes

§ 30-25-603 — EFFECT OF DISSOCIATION

Idaho § 30-25-603

Title 30CORPORATIONS

Part 6DISSOCIATION

Ch. 25LIMITED LIABILITY COMPANIES

This text of Idaho § 30-25-603 (EFFECT OF DISSOCIATION) 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 § 30-25-603 (2026).

Text

(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 arising and events occurring after the person’s dissociation; and

(3)Subject to section 30-25-504, Idaho Code, and chapter 22, title 30, Idaho Code, any transferable interest owned by the person in the person’s capacity as a member immediately before dissociation is owned by the person solely as a transferee.

(b)A person’s dissociation as a member does not of itself discharge the person from any debt, obligation, or other liability to the limited liability company or the other member

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(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 arising and events occurring after the person’s dissociation; and
(3) Subject to section 30-25-504, Idaho Code, and chapter 22, title 30, Idaho Code, any transferable interest owned by the person in the person’s capacity as a member immediately before dissociation is owned by the person solely as a transferee.
(b) A person’s dissociation as a member does not of itself discharge the person from any debt, obligation, or other liability to the limited liability company or the other members which the person incurred while a member.