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2018 Idaho Statutes
Title 30 - CORPORATIONS
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Part 14 - DISSOLUTION
Section 30-29-1409 - DIRECTOR DUTIES.
Universal Citation: ID Code § 30-29-1409 (2018)
30-29-1409. DIRECTOR DUTIES. (1) Directors shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.
(2) Directors of a dissolved corporation that has been disposed of claims under section 30-29-1406, 30-29-1407 or 30-29-1408, Idaho Code, shall not be liable for breach of subsection (1) of this section, with respect to claims against the dissolved corporation that are barred or satisfied under section 30-29-1406, 30-29-1407 or 30-29-1408, Idaho Code.
History:
[30-29-1409, added 2015, ch. 243, sec. 69, p. 960.]
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