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S1032...................................................by JUDICIARY AND RULES
NONPROFIT CORPORATION - SHAREHOLDER DEATH - Amends existing law to provide
correct citations to sections of the Idaho Nonprofit Corporation Act in the
instance of the death or disqualification of a sole shareholder of a
corporation.
01/27 Senate intro - 1st rdg - to printing
01/28 Rpt prt - to Jud
02/06 Rpt out - rec d/p - to 2nd rdg
02/07 2nd rdg - to 3rd rdg
02/11 3rd rdg - PASSED - 35-0-0
AYES -- Andreason, Bailey, Brandt, Bunderson, Burkett, Burtenshaw,
Calabretta, Cameron, Compton, Darrington, Davis, Gannon, Geddes, Goedde,
Hill, Ingram, Kennedy, Keough, Little, Lodge, Malepeai, Marley,
McKenzie, McWilliams, Noble, Noh, Pearce, Richardson, Schroeder,
Sorensen, Stegner, Stennett, Sweet, Werk, Williams
NAYS -- None
Absent and excused -- None
Floor Sponsor - Lodge
Title apvd - to House
02/12 House intro - 1st rdg - to Jud
02/28 Rpt out - rec d/p - to 2nd rdg
03/03 2nd rdg - to 3rd rdg
03/04 3rd rdg - PASSED - 66-1-3
AYES -- Andersen, Barraclough, Bauer, Bedke, Bell, Bieter, Black, Block,
Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins, Crow, Cuddy,
Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth, Eskridge, Field(18),
Field(23), Gagner, Garrett, Harwood, Henbest, Jaquet, Kellogg, Kulczyk,
Lake, Langford, Langhorst, Martinez, McGeachin, McKague, Meyer, Miller,
Mitchell, Moyle, Naccarato, Nielsen, Raybould, Ridinger, Ring, Ringo,
Roberts, Robison, Rydalch, Sali, Sayler, Schaefer, Shepherd, Shirley,
Skippen, Smith(30), Smith(24), Smylie, Snodgrass, Stevenson, Tilman,
Trail, Wills
NAYS -- Mr. Speaker
Absent and excused -- Barrett, Jones, Wood
Floor Sponsor - Ridinger
Title apvd - to Senate
03/05 To enrol
03/06 Rpt enrol - Pres signed
03/07 Sp signed
03/10 To Governor
03/13 Governor signed
Session Law Chapter 62
Effective: 07/01/03
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-seventh Legislature First Regular Session - 2003
IN THE SENATE
SENATE BILL NO. 1032
BY JUDICIARY AND RULES COMMITTEE
1 AN ACT
2 RELATING TO THE DEATH OR DISQUALIFICATION OF A SOLE SHAREHOLDER; AMENDING SEC-
3 TION 30-1309A, IDAHO CODE, TO PROVIDE A PROPER STATUTORY CITATION TO SEC-
4 TIONS OF THE IDAHO NONPROFIT CORPORATION ACT.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 30-1309A, Idaho Code, be, and the same is hereby
7 amended to read as follows:
8 30-1309A. DEATH OR DISQUALIFICATION OF SOLE SHAREHOLDER. If a corporation
9 organized under this chapter has only one (1) shareholder, and that share-
10 holder becomes disqualified under section 30-1309, Idaho Code, or dies, the
11 disqualified shareholder or the personal representative of the deceased share-
12 holder may, notwithstanding other provisions of this chapter, exercise the
13 voting rights of the outstanding shares only for the purpose of dissolving the
14 corporation pursuant to sections 30-1-821401 through 30-1-931440, Idaho Code,
15 consolidating or merging the corporation pursuant to section 30-1312, Idaho
16 Code, or converting the corporation to a corporation for profit under the
17 Idaho business corporation act, chapter 1, title 30, Idaho Code.
STATEMENT OF PURPOSE
RS 12670
When the Idaho Nonprofit Corporation Act was amended in 1997, prior sections 30-1-82
through 30-1-93 were repealed, and replaced by parallel sections, as noted in the Com
piler's notes to the current Idaho code. This bill inserts the proper references to the existing
sections in the Idaho Nonprofit Corporation Act, so that the Parallel References Table does
not have to be consulted to find the appropriate current sections.
FISCAL NOTE
This bill will have no fiscal impact.
CONTACT: Robert L. Aldridge
1209 North Eighth Street
Boise, Idaho 83702-4297
Telephone: office: (208) 336-9880 home: (208) 888-4668
Fax: (208) 336-9882
e-mail: rlaldridge@hotmail.com
Statement of Purpose / Fiscal Impact S 103