Bill
Bill > H0643
ID H0643
ID H0643Amends and adds to existing law to provide that the state shall not act as the incorporator of a corporation and to establish provisions regarding the reformation or disassociation of certain corporations.
summary
Introduced
02/23/2024
02/23/2024
In Committee
02/26/2024
02/26/2024
Crossed Over
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2024 Regular Session
Bill Summary
RELATING TO CORPORATIONS; AMENDING SECTION 30-501, IDAHO CODE, TO PROVIDE CERTAIN PROHIBITIONS ON THE INCORPORATION OF A CORPORATION BY THE STATE AND TO PROVIDE AN EXCEPTION FOR INDEPENDENT PUBLIC BODIES POLITIC AND CORPORATE; AMENDING CHAPTER 5, TITLE 30, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 30-502, IDAHO CODE, TO PROVIDE FOR CERTAIN REPORTING AND TO PROVIDE FOR THE OPPORTUNITY OF CERTAIN CORPORATIONS TO
AI Summary
This bill amends existing Idaho law to prohibit the state from acting as the incorporator of a corporation, with an exception for independent public bodies politic and corporate. It also establishes provisions for the reporting and reformation or disassociation of certain corporations that were previously incorporated or authorized by the state. The bill requires corporations meeting certain criteria to submit a report by January 1, 2025, and provides them the opportunity to either be reformed as independent public bodies or, for nonprofit corporations, to voluntarily disassociate from the state.
Committee Categories
Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Ways and Means Committee (House)
Last Action
Reported Printed and Referred to State Affairs (on 02/26/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2024/legislation/H0643/ |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/H0643SOP.pdf |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/H0643.pdf |
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