Idaho Code 22-2624 – Inducing Breach of Marketing Contract — Spreading False Reports About Finances or Management — Penalties
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 22-2624
- association: means any corporation organized under this chapter; and
Idaho Code 22-2602Contract: A legal written agreement that becomes binding when signed. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. member: shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock;
Idaho Code 22-2602person: shall include individuals, firms, partnerships, corporations and associations. See Idaho Code 22-2602
Any person or persons or any corporation whose officers or employees knowingly induces or attempts to induce any member or stockholder of an association organized hereunder to breach his marketing contract with the association, or who maliciously and knowingly spreads false reports about the finances or management thereof shall be guilty of a misdemeanor and subject to a fine of not less than $100 and not more than $500 for such offense and shall be liable to the association aggrieved in a civil suit in the penal sum of $500 for each offense.