2005 Idaho Code - 30-3-41 — RESIGNATION

                                  TITLE  30
                                 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.