Idaho § 30-29-631 CORPORATION’S ACQUISITION OF ITS OWN SHARES

Idaho Statutes

§ 30-29-631 — CORPORATION’S ACQUISITION OF ITS OWN SHARES

Idaho § 30-29-631

Title 30CORPORATIONS

Part 6SHARES AND DISTRIBUTIONS

Ch. 29GENERAL BUSINESS CORPORATIONS

This text of Idaho § 30-29-631 (CORPORATION’S ACQUISITION OF ITS OWN SHARES) 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 § 30-29-631 (2026).

Text

(a)A corporation may acquire its own shares. Unless a resolution of the board of directors or the corporation’s articles of incorporation provide otherwise, shares so acquired constitute authorized but unissued shares.

(b)If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired, effective upon amendment of the articles of incorporation pursuant to section 30-29-1005 (f), Idaho Code.

(c)A corporation has authority to use, hold, acquire, cancel and dispose of treasury shares.

(d)Unless the board of directors adopts an amendment to the corporation’s articles of incorporation to reduce the number of authorized shares, treasury shares of the corporation that are canceled shall be treated as auth

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(a) A corporation may acquire its own shares. Unless a resolution of the board of directors or the corporation’s articles of incorporation provide otherwise, shares so acquired constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired, effective upon amendment of the articles of incorporation pursuant to section 30-29-1005 (f), Idaho Code.
(c) A corporation has authority to use, hold, acquire, cancel and dispose of treasury shares.
(d) Unless the board of directors adopts an amendment to the corporation’s articles of incorporation to reduce the number of authorized shares, treasury shares of the corporation that are canceled shall be treated as authorized but unissued shares.