A corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of section 30-30-904, Idaho Code.
Idaho Code § 30-30-410
Purchase of memberships
Known as the Idaho Nonprofit Corporation Act
The act spans §§ 30-30-1001 to 30-30-905 (107 sections).
I.C., § 30-30 -410, as added by 2015, ch. 243, § 77, p. 758.
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.