Idaho § 30-29-1201 DISPOSITION OF ASSETS NOT REQUIRING SHAREHOLDER APPROVAL

Idaho Statutes

§ 30-29-1201 — DISPOSITION OF ASSETS NOT REQUIRING SHAREHOLDER APPROVAL

Idaho § 30-29-1201

Title 30CORPORATIONS

Part 12DISPOSITION OF ASSETS

Ch. 29GENERAL BUSINESS CORPORATIONS

This text of Idaho § 30-29-1201 (DISPOSITION OF ASSETS NOT REQUIRING SHAREHOLDER APPROVAL) 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 § 30-29-1201 (2026).

Text

No approval of the shareholders is required, unless the articles of incorporation otherwise provide:

(a)To sell, lease, exchange, or otherwise dispose of any or all of the corporation’s assets in the usual and regular course of business;

(b)To mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of the corporation’s assets, regardless of whether in the usual and regular course of business; or

(c)To transfer any or all of the corporation’s assets to one (1) or more domestic or foreign corporations or other entities all of the shares or interests of which are owned by the corporation; or

(d)To distribute assets pro rata to the holders of one (1) or more classes or series of the corporation’s shares.

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No approval of the shareholders is required, unless the articles of incorporation otherwise provide:
(a) To sell, lease, exchange, or otherwise dispose of any or all of the corporation’s assets in the usual and regular course of business;
(b) To mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of the corporation’s assets, regardless of whether in the usual and regular course of business; or
(c) To transfer any or all of the corporation’s assets to one (1) or more domestic or foreign corporations or other entities all of the shares or interests of which are owned by the corporation; or
(d) To distribute assets pro rata to the holders of one (1) or more classes or series of the corporation’s shares.