The law of this state governs:
(1) The internal affairs of a limited liability company; and

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Terms Used In Idaho Code 30-25-104

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
(2) The liability of a member as member and a manager as manager for the debts, obligations, or other liabilities of a limited liability company.