30-30-410. PURCHASE OF MEMBERSHIPS. A corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of section 30-30-904, Idaho Code.
History:
[30-30-410, added 2015, ch. 243, sec. 77, p. 977.]
Structure Idaho Code
Chapter 30 - IDAHO NONPROFIT CORPORATION ACT
Section 30-30-401 - ADMISSION OF MEMBERS.
Section 30-30-402 - CONSIDERATION.
Section 30-30-403 - NO REQUIREMENT OF MEMBERS.
Section 30-30-404 - DIFFERENCES IN RIGHTS AND OBLIGATIONS OF MEMBERS.
Section 30-30-405 - TRANSFERS.
Section 30-30-406 - MEMBER’S LIABILITY TO THIRD PARTIES.
Section 30-30-407 - MEMBER’S LIABILITY FOR DUES, ASSESSMENTS AND FEES.
Section 30-30-408 - RESIGNATION.
Section 30-30-409 - TERMINATION, EXPULSION AND SUSPENSION.
Section 30-30-410 - PURCHASE OF MEMBERSHIPS.