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2017 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 8 - DIRECTORS AND OFFICERS
Section 30-29-825 - COMMITTEES.
Universal Citation: ID Code § 30-29-825 (2017)
30-29-825. committees. (1) Unless this chapter, the articles of incorporation or the bylaws provide otherwise, a board of directors may create one (1) or more committees and appoint one (1) or more members of the board of directors to serve on any such committee.
(2) Unless this chapter otherwise provides, the creation of a committee and appointment of members to it must be approved by the greater of:
(a) A majority of all the directors in office when the action is taken; or
(b) The number of directors required by the articles of incorporation or bylaws to take action under section 30-29-824, Idaho Code.
(3) Sections 30-29-820 through 30-29-824, Idaho Code, apply both to committees of the board and to their members.
(4) To the extent specified by the board of directors or in the articles of incorporation or bylaws, each committee may exercise the powers of the board of directors under section 30-29-801, Idaho Code.
(5) A committee may not, however:
(a) Authorize or approve distributions, except according to a formula or method, or within limits, prescribed by the board of directors;
(b) Approve or propose to shareholders action that this chapter requires be approved by shareholders;
(c) Fill vacancies on the board of directors or, subject to subsection (7) of this section, on any of its committees; or
(d) Adopt, amend or repeal bylaws.
(6) The creation of, delegation of authority to, or action by a committee does not alone constitute compliance by a director with the standards of conduct described in section 30-29-830, Idaho Code.
(7) The board of directors may appoint one (1) or more directors as alternate members of any committee to replace any absent or disqualified member during the member’s absence or disqualification. Unless the articles of incorporation or the bylaws or the resolution creating the committee provide otherwise, in the event of the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, unanimously, may appoint another director to act in place of the absent or disqualified member.
History:
[30-29-825, added 2015, ch. 243, sec. 63, p. 930.]
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