There is a newer version of the Idaho Code and Statutes
2005 Idaho Code - 30-1307 — TYPE OF BUSINESS LIMITED -- INVESTMENTS
TITLE 30 CORPORATIONS CHAPTER 13 PROFESSIONAL SERVICE CORPORATIONS 30-1307. TYPE OF BUSINESS LIMITED -- INVESTMENTS. No corporation organized under this act shall engage in any business other than the rendering of the professional services for which it was specifically incorporated; provided, however, nothing in this act or in any other provisions of existing law applicable to corporations shall be interpreted to prohibit such corporation from investing its funds in real estate, mortgages, stocks, bonds or any other type of investments, or from owning real or personal property necessary for the rendering of professional services.
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.