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Idaho Code § 48-1914

Charitable assets recovered — Cy Pres — Restitution recovered

Known as the Idaho Charitable Assets Protection Act

The act spans §§ 48–48 (14 sections).

I.C., § 48-1914, as added by 2020, ch. 321, § 1, p. 921.

(1) Any charitable assets sued for and recovered by the attorney general under this chapter shall be conveyed: To the injured charitable organization to restore its misappropriated, lost, or diverted charitable assets; or

(2) To any charitable organization with a similar charitable purpose as that of the charitable organization from which the charitable assets were recovered, pursuant to a court-approved cy pres distribution.

(3) Any restitution sued for and recovered by the attorney general under this chapter shall be deposited and held in the state treasury until such time as the attorney general directs that payment be made to a person to reimburse for any actual damages he incurred as a direct result of a violation of this chapter.

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.