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2017 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 6 - SHARES AND DISTRIBUTIONS
Section 30-29-626 - SHARES WITHOUT CERTIFICATES.
Universal Citation: ID Code § 30-29-626 (2017)
30-29-626. SHARES WITHOUT CERTIFICATES. (1) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.
(2) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by section 30-29-625(2) and (3), Idaho Code, and, if applicable, section 30-29-627, Idaho Code.
History:
[30-29-626, added 2015, ch. 243, sec. 61, p. 914.]
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