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Idaho Statutes Title 30. Corporations § 30-30-408. Resignation

Current as of January 01, 2024 | Updated by Findlaw Staff

(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, Idaho Code, 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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Cite this article: FindLaw.com - Idaho Statutes Title 30. Corporations § 30-30-408. Resignation - last updated January 01, 2024 | https://codes.findlaw.com/id/title-30-corporations/id-st-sect-30-30-408/

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