Idaho Code 42-2404 – Powers Vested in Stockholders
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 42-2404
- 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.
The rights, powers and privileges herein created and granted shall vest in and be held and exercised by the stockholders except in so far as they may be expressly delegated to the directors by the articles of incorporation or by-laws of the corporation.