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2017 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 8 - DIRECTORS AND OFFICERS
Section 30-29-805 - TERMS OF DIRECTORS GENERALLY.
Universal Citation: ID Code § 30-29-805 (2017)
30-29-805. TERMS OF DIRECTORS GENERALLY. (1) The terms of the initial directors of a corporation expire at the first shareholders’ meeting at which directors are elected.
(2) The terms of all other directors expire at the next annual shareholders’ meeting following their election unless their terms are staggered under section 30-29-806, Idaho Code.
(3) A decrease in the number of directors does not shorten an incumbent director’s term.
(4) A director elected to fill a vacancy shall be elected for the unexpired term of his predecessor in office.
(5) Despite the expiration of a director’s term, he continues to serve until his successor is elected and qualifies or until there is a decrease in the number of directors.
History:
[30-29-805, added 2015, ch. 243, sec. 63, p. 927.]
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