Public-domain · open source
OpenJurist

Idaho Code § 30-29-207

Emergency bylaws

Known as the Idaho Business Corporation Act

The act spans §§ 30-29-1001 to 30-29-935 (209 sections).

I.C., § 30-29 -207, as added by 2015, ch. 243, § 57, p. 758; am. 2019, ch. 90, § 21, p. 220.

(1) Unless the articles of incorporation provide otherwise, the board of directors may adopt bylaws to be effective only in an emergency defined in subsection (d) of this section. The emergency bylaws, which are subject to amendment or repeal by the shareholders, may make all provisions necessary for managing the corporation during the emergency, including: Procedures for calling a meeting of the board of directors;

(2) Quorum requirements for the meeting; and

(3) Designation of additional or substitute directors.

(4) All provisions of the regular bylaws not inconsistent with the emergency bylaws remain effective during the emergency. The emergency bylaws are not effective after the emergency ends.

(5) Corporate action taken in good faith in accordance with the emergency bylaws: Binds the corporation; and

(6) May not be used to impose liability on a director, officer, employee or agent of the corporation.

(7) An emergency exists for purposes of this section if a quorum of the board of directors cannot readily be assembled because of some catastrophic event.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.