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IDAHO STATUTES AND CODES
30-3-41 RESIGNATION.
CORPORATIONS
CHAPTER 3
IDAHO NONPROFIT CORPORATION ACT
30-3-41.Resignation. (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 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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