30-29-626. SHARES WITHOUT CERTIFICATES. (a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issuance of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.
(b) Within a reasonable time after the issuance or transfer of shares without certificates, the corporation shall deliver to the shareholder a written statement of the information required on certificates by section 30-29-625(b) and (c), Idaho Code, and, if applicable, section 30-29-627, Idaho Code.
History:
[30-29-626, added 2015, ch. 243, sec. 61, p. 914; am. 2019, ch. 90, sec. 37, p. 249.]
Structure Idaho Code
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 6 - SHARES AND DISTRIBUTIONS
Section 30-29-601 - AUTHORIZED SHARES.
Section 30-29-602 - TERMS OF CLASS OR SERIES DETERMINED BY BOARD OF DIRECTORS.
Section 30-29-603 - ISSUED AND OUTSTANDING SHARES.
Section 30-29-604 - FRACTIONAL SHARES.
Section 30-29-620 - SUBSCRIPTION FOR SHARES BEFORE INCORPORATION.
Section 30-29-621 - ISSUANCE OF SHARES.
Section 30-29-622 - LIABILITY OF SHAREHOLDERS.
Section 30-29-623 - SHARE DIVIDENDS.
Section 30-29-624 - SHARE RIGHTS, OPTIONS, WARRANTS, AND AWARDS.
Section 30-29-625 - FORM AND CONTENT OF CERTIFICATES.
Section 30-29-626 - SHARES WITHOUT CERTIFICATES.
Section 30-29-627 - RESTRICTION ON TRANSFER OF SHARES.
Section 30-29-630 - SHAREHOLDERS’ PREEMPTIVE RIGHTS.
Section 30-29-631 - CORPORATION’S ACQUISITION OF ITS OWN SHARES.