30-3-41 RESIGNATION. - Idaho Statutes

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Statutes > Idaho > Title30 > T30ch3 > T30ch3sect30-3-41

TITLE 30

CORPORATIONS

CHAPTER 3

IDAHO NONPROFIT CORPORATION ACT

30-3-41.Resignation. (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 shall also apply to all resignations pursuant to this section if a company or corporation is regulated or governed pursuant to that title.

State Codes and Statutes

Statutes > Idaho > Title30 > T30ch3 > T30ch3sect30-3-41

TITLE 30

CORPORATIONS

CHAPTER 3

IDAHO NONPROFIT CORPORATION ACT

30-3-41.Resignation. (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 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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State Codes and Statutes

Statutes > Idaho > Title30 > T30ch3 > T30ch3sect30-3-41

TITLE 30

CORPORATIONS

CHAPTER 3

IDAHO NONPROFIT CORPORATION ACT

30-3-41.Resignation. (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 shall also apply to all resignations pursuant to this section if a company or corporation is regulated or governed pursuant to that title.