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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) The articles or bylaws must specify the terms of directors. Except for designated or appointed directors, the terms of directors may not exceed five (5) years. In the absence of any term specified in the articles or bylaws, the term of each director shall be one (1) year. Directors may be elected for successive terms.
(2) A decrease in the number of directors or term of office does not shorten an incumbent director's term.
(3) Except as provided in the articles or bylaws:
(a) The term of a director filling a vacancy in the office of a director elected by members expires at the next election of directors by members; and
(b) The term of a director filling any other vacancy expires at the end of the unexpired term that such director is filling.
(4) Despite the expiration of a director's term, the director continues to serve until the director's successor is elected, designated or appointed, and qualifies, or until there is a decrease in the number of directors.
Cite this article: FindLaw.com - Idaho Statutes Title 30. Corporations § 30-30-605. Terms of directors generally - last updated January 01, 2024 | https://codes.findlaw.com/id/title-30-corporations/id-st-sect-30-30-605/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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