30-27-125. DISTRIBUTIONS PROHIBITED — COMPENSATION AND OTHER PERMITTED PAYMENTS. (a) Except as otherwise provided in subsection (b) of this section, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.
(b) An unincorporated nonprofit association may:
(1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2) Confer benefits on a member or manager in conformity with its nonprofit purposes;
(3) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or
(4) Make distributions of property to members upon winding up and termination to the extent permitted by section 30-27 128, Idaho Code.
History:
[30-27-125, added 2015, ch. 243, sec. 53, p. 900.]
Structure Idaho Code
Chapter 27 - UNINCORPORATED NONPROFIT ASSOCIATIONS
Section 30-27-101 - SHORT TITLE.
Section 30-27-102 - DEFINITIONS.
Section 30-27-103 - RELATION TO OTHER LAWS.
Section 30-27-104 - GOVERNING LAW.
Section 30-27-105 - ENTITY — PERPETUAL EXISTENCE — POWERS.
Section 30-27-106 - OWNERSHIP AND TRANSFER OF PROPERTY.
Section 30-27-107 - STATEMENT OF AUTHORITY AS TO REAL PROPERTY.
Section 30-27-108 - LIABILITY.
Section 30-27-109 - ASSERTION AND DEFENSE OF CLAIMS.
Section 30-27-110 - EFFECT OF JUDGMENT OR ORDER.
Section 30-27-111 - SERVICE OF PROCESS.
Section 30-27-112 - ACTION OR PROCEEDING NOT ABATED BY CHANGE.
Section 30-27-114 - MEMBER NOT AGENT.
Section 30-27-125 - DISTRIBUTIONS PROHIBITED — COMPENSATION AND OTHER PERMITTED PAYMENTS.
Section 30-27-127 - DISSOLUTION.
Section 30-27-128 - WINDING UP AND TERMINATION.
Section 30-27-129 - APPOINTMENT OF REGISTERED AGENT.
Section 30-27-130 - TRANSITION CONCERNING REAL AND PERSONAL PROPERTY.