Idaho § 30-30-902 SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS

Idaho Statutes

§ 30-30-902 — SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS

Idaho § 30-30-902

Title 30CORPORATIONS

Part 9DISPOSITION OF ASSETS

Ch. 30IDAHO NONPROFIT CORPORATION ACT

This text of Idaho § 30-30-902 (SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS) 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 § 30-30-902 (2026).

Text

(1)A corporation may on the terms and conditions and for the consideration determined by the board of directors:

(a)Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or

(b)Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.

(2)Unless the articles require it, approval of the members or any other person of a transaction described in subsection (1) of this section is not required.

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(1) A corporation may on the terms and conditions and for the consideration determined by the board of directors:
(a) Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or
(b) Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.
(2) Unless the articles require it, approval of the members or any other person of a transaction described in subsection (1) of this section is not required.