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2018 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 27 - UNINCORPORATED NONPROFIT ASSOCIATIONS
Part 1 - GENERAL PROVISIONS
Section 30-27-125 - DISTRIBUTIONS PROHIBITED — COMPENSATION AND OTHER PERMITTED PAYMENTS.
Universal Citation: ID Code § 30-27-125 (2018)
30-27-125. DISTRIBUTIONS PROHIBITED — COMPENSATION AND OTHER PERMITTED PAYMENTS. (a) Except as otherwise provided in subsection (b) of this section, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.
(b) An unincorporated nonprofit association may:
(1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2) Confer benefits on a member or manager in conformity with its nonprofit purposes;
(3) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or
(4) Make distributions of property to members upon winding up and termination to the extent permitted by section 30-27 128, Idaho Code.
History:
[30-27-125, added 2015, ch. 243, sec. 53, p. 900.]
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