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2021 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 24 - INDUSTRIAL DEVELOPMENT CORPORATIONS
Section 26-2406 - DURATION OF MEMBERSHIP.
Universal Citation: ID Code § 26-2406 (2021)
26-2406. DURATION OF MEMBERSHIP. Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation five (5) years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.
A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.
History:
[(26-2406) 1963, ch. 273, sec. 6, p. 695; I.C., sec. 30-1506 (1963 Supp.).]
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