2005 Idaho Code - 30-3-106 — SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF ASSETS

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-106.  SALE OF ASSETS IN REGULAR COURSE OF ACTIVITIES AND MORTGAGE OF
ASSETS. (1) A corporation may on the terms and conditions and for the
consideration determined by the board of directors:
    (a)  Sell, lease, exchange or otherwise dispose of all, or substantially
    all, of its property in the usual and regular course of its activities; or
    (b)  Mortgage, pledge, dedicate to the repayment of indebtedness, whether
    with or without recourse, or otherwise encumber any or all of its property
    whether or not in the usual and regular course of its activities.
    (2)  Unless the articles require it, approval of the members or any other
person of a transaction described in subsection (1) of this section is not
required.