Idaho § 30-30-408 RESIGNATION

Idaho Statutes

§ 30-30-408 — RESIGNATION

Idaho § 30-30-408

Title 30CORPORATIONS

Part 4MEMBERSHIP

Ch. 30IDAHO NONPROFIT CORPORATION ACT

This text of Idaho § 30-30-408 (RESIGNATION) 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 § 30-30-408 (2026).

Text

(1)A member may resign at any time. A person ceases to be a stockholder only when that person’s shares of stock have all been disposed of.

(2)The resignation of a member, or the disposal of all stock of a stockholder, does not relieve the member from any obligations the member may have to the corporation as a result of obligations incurred or commitments made prior to resignation.

(3)The provisions of title 42, Idaho Code, shall also apply to all resignations pursuant to this section if a company or corporation is regulated or governed pursuant to that title.

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(1) A member may resign at any time. A person ceases to be a stockholder only when that person’s shares of stock have all been disposed of.
(2) The resignation of a member, or the disposal of all stock of a stockholder, does not relieve the member from any obligations the member may have to the corporation as a result of obligations incurred or commitments made prior to resignation.
(3) The provisions of title 42, Idaho Code, shall also apply to all resignations pursuant to this section if a company or corporation is regulated or governed pursuant to that title.