2005 Idaho Code - 30-3-26 — ULTRA VIRES

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-26.  ULTRA VIRES. (1) Except as provided in subsection (2) of this
section, the validity of corporate action may not be challenged on the ground
that the corporation lacks or lacked power to act.
    (2)  A corporation's power to act may be challenged in a proceeding
against the corporation to enjoin an act where a third party has not acquired
rights.  The proceeding may be brought by a director, or by a member or
members in a derivative proceeding.
    (3)  A corporation's power to act may be challenged in a proceeding
against an incumbent or former director, officer, employee or agent of the
corporation.  The proceeding may be brought by a director, the corporation,
directly, derivatively, or through a receiver, a trustee or other legal
representative.