reglab/housing_qa huggingface dataset:
ID Code § 30-1613 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 16 - CONTROL SHARE ACQUISITION ACT|Section 30-1613 - ELECTION.

30-1613. ELECTION. Any publicly held corporation which meets the requirements specified in section 30-1601(12)(b)(i), (ii) and (iii), Idaho Code, may, by action of its board of directors, adopt an amendment to its bylaws electing to be subject to this chapter, provided such corporation has one thousand (1,000) or more shareholders of record in this state, and thereby shall be subject to the provisions of this chapter as an issuing public corporation.  History: [30-1613, added 1988, ch. 84, sec. 2, p. 158.]
ID Code § 30-1614 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 16 - CONTROL SHARE ACQUISITION ACT|Section 30-1614 - SHORT TITLE.

30-1614. SHORT TITLE. This chapter shall be known and may be cited as the "Control Share Acquisition Law."  History: [30-1614, added 1988, ch. 84, sec. 2, p. 158.]
ID Code § 30-1702 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1702 - DUTIES OF DIRECTOR.

30-1702. DUTIES OF DIRECTOR. In discharging the duties of the position of director of an issuing public corporation, a director, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be best served by the continued independence of the corporation. In addition, a director may consider the interests of Idaho employees, suppliers, customers and communities in discharging his duties.  History: [30-1702, added 1988, ch. 84, sec. 3, p. 163.]
ID Code § 30-1703 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1703 - EXCLUSIONS FROM CHAPTER.

30-1703. EXCLUSIONS FROM CHAPTER. The provisions of this chapter shall not apply to an interested shareholder if: (1) The interested shareholder was an interested shareholder on, or became an interested shareholder pursuant to a tender offer commenced prior to, the day following the effective date of this act, and remained such; (2) The original articles or bylaws of the issuing public corporation contain a provision expressly electing not to be subject to the provisions of this chapter; (3) The issuing public corporation, by action of its board of directors, adopts an amendment to its bylaws expressly electing not to be subject to the provisions of this chapter; or (4) The issuing public corporation, by action of its shareholders, adopts an amendment to its articles of incorporation or bylaws approved by the shareholders holding sixty-six and two-thirds per cent (66 2/3%) of the outstanding voting power of all shares entitled to vote, excluding the shares of interested shareholders and their affiliates and associates, under which the issuing public corporation by such shareholder action expressly elects not to be subject to this chapter, and such amendment provides that it is not to be effective until eighteen (18) months after the effective date of this chapter. (5) The provisions of this chapter do not apply to any business combination of an issuing public corporation with an interested shareholder of the issuing public corporation who became an interested shareholder inadvertently, if the interested shareholder both: (a) As soon as practicable, divests itself of a sufficient amount of the shares entitled to vote of the issuing public corporation so that it no longer is the beneficial owner, directly or indirectly, of ten per cent (10%) or more of the outstanding shares entitled to vote of the issuing public corporation; and (b) Would not at any time within the three (3) year period preceding the announcement date with respect to the business combination have been an interested shareholder except for the inadvertent acquisition. (6) This chapter does not apply to insurance companies regulated under title 41, Idaho Code.  History: [30-1703, added 1988, ch. 84, sec. 3, p. 163.]
ID Code § 30-1706 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1706 - SCOPE.

30-1706. SCOPE. (1) Nothing contained in this chapter is intended or shall be construed in any way to limit, modify or restrict an issuing public corporation’s authority to take any action which the directors may appropriately determine to be in furtherance of the protection of the interests of the corporation and its shareholders, including without limitation the authority to adopt or enter into plans, arrangements or instruments that deny rights, privileges, power or authority to the holder or holders of at least a specified number of shares or percentage of share ownership or voting power in certain circumstances. (2) The requirements imposed by this chapter are to be in addition to, and not in lieu of, requirements imposed on a transaction by any provision in the articles or the bylaws of the issuing public corporation, or otherwise.  History: [30-1706, added 1988, ch. 84, sec. 3, p. 167.]
ID Code § 30-1707 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1707 - JURISDICTION.

30-1707. JURISDICTION. (1) If the jurisdiction under the laws of which the issuing public corporation is organized has adopted or adopts any law comparable to this chapter which imposes special requirements applicable to any business combination, and that law contains provisions which are expressly inconsistent with, or cannot practically be applied in a manner consistent with, the provisions of this chapter as applicable to the issuing public corporation, the provisions of this chapter shall be inapplicable to the issuing public corporation to the extent necessary to resolve such inconsistency. (2) If any jurisdiction other than the jurisdiction under the laws of which the issuing public corporation is organized has adopted or adopts any law comparable to the provisions of this chapter which imposes special requirements applicable to any business combination, and that law contains provisions which are expressly inconsistent with, or cannot practically be applied in a manner consistent with, the provisions of this chapter as applicable to the issuing public corporation, the provisions of this chapter shall be inapplicable to the issuing public corporation to the extent that (i) a greater percentage of shareholders of the issuing public corporation reside in that jurisdiction than in this state, computed in accordance with provisions of subsection 30-1701(14) and then, only to the extent necessary to resolve such inconsistency or (ii) the director of the department of finance determines within three (3) business days from the date on which this chapter’s provisions are first applicable to a business combination that the other jurisdiction’s law adequately provides for the protection of Idaho shareholders.  History: [30-1707, added 1988, ch. 84, sec. 3, p. 168.]
ID Code § 30-1708 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1708 - SEVERABILITY.

30-1708. SEVERABILITY. The provisions of this chapter are hereby declared to be severable and if any provision of this act or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this act that can give effect without the invalid provision or application. The invalidity of any provision of this act shall not affect the remaining provisions of this act.  History: [30-1708, added 1988, ch. 84, sec. 3, p. 168.]
ID Code § 30-1709 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1709 - ELECTION.

30-1709. ELECTION. Any publicly held corporation which meets the requirements specified in section 30-1701(11)(b)(i), (ii) and (iii), Idaho Code, may, by action of its board of directors, adopt an amendment to its bylaws electing to be subject to this chapter, provided such corporation has one thousand (1,000) or more shareholders of record in this state, and thereby shall be subject to the provisions of this chapter as an issuing public corporation.  History: [30-1709, added 1988, ch. 84, sec. 3, p. 168.]
ID Code § 30-1710 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 17 - BUSINESS COMBINATION ACT|Section 30-1710 - SHORT TITLE.

30-1710. SHORT TITLE. This chapter shall be known and may be cited as the "Business Combination Law."  History: [30-1710, added 1988, ch. 84, sec. 3, p. 168.]
ID Code § 30-1901 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1901 - SHORT TITLE.

30-1901. SHORT TITLE. This act shall be known and may be cited as the "Successor Corporation Asbestos-Related Liability Fairness Act."  History: [30-1901, added 2012, ch. 193, sec. 1, p. 520.]
ID Code § 30-1902 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1902 - DEFINITIONS.

30-1902. DEFINITIONS. As used in this section, the following terms shall mean: (1) "Asbestos claim" means any claim, wherever or whenever made, for damages, losses, indemnification, contribution or other relief arising out of, based on, or in any way related to asbestos, including: (a) The health effects of exposure to asbestos, including a claim for: (i) Personal injury or death; (ii) Mental or emotional injury; (iii) Risk of disease or other injury; or (iv) The costs of medical monitoring or surveillance; (b) Any claim made by, or on behalf of, any person exposed to asbestos, or a representative, spouse, parent, child or other relative of the person; and (c) Any claim for damage or loss caused by the installation, presence, or removal of asbestos. (2) "Corporation" means a corporation for profit, including a domestic corporation organized under the laws of this state or a foreign corporation organized under laws other than the laws of this state. (3) "Successor" means a corporation that assumes or incurs or has assumed or incurred successor asbestos-related liabilities that is a successor and became a successor before January 1, 1972, or is any of that successor corporation’s successors. (4) "Successor asbestos-related liabilities" means any liabilities, whether known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, or due or to become due, that are related in any way to asbestos claims and were assumed or incurred by a corporation as a result of or in connection with a merger or consolidation, or the plan of merger or consolidation related to the merger or consolidation with or into another corporation, or that are related in any way to asbestos claims based on the exercise of control or the ownership of stock of the corporation before the merger or consolidation. The term includes liabilities that, after the time of the merger or consolidation for which the fair market value of total gross assets is determined pursuant to section 30-1905, Idaho Code, were or are paid or otherwise discharged, or committed to be paid or otherwise discharged, by or on behalf of the corporation, or by a successor of the corporation, or by or on behalf of a transferor, in connection with settlements, judgments, or other discharges in this state or another jurisdiction. (5) "Transferor" means a corporation from which the successor asbestos-related liabilities are or were assumed or incurred.  History: [30-1902, added 2012, ch. 193, sec. 1, p. 520.]
ID Code § 30-1903 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1903 - APPLICABILITY.

30-1903. APPLICABILITY. (1) The limitations in section 30-1904, Idaho Code, shall apply to any successor corporation. (2) The limitations of section 30-1904, Idaho Code, shall not apply to: (a) Worker’s compensation benefits paid by, or on behalf of, an employer to an employee under the provisions of title 72, Idaho Code, or a comparable worker’s compensation law of another jurisdiction; (b) Any claim against a corporation that does not constitute a successor asbestos-related liability; (c) Any obligation under the national labor relations act, 29 U.S.C. section 151 et seq., as amended, or under any collective bargaining agreement; or (d) A successor that, after a merger or consolidation, continued in the business of mining asbestos or in the business of selling or distributing asbestos fibers or in the business of manufacturing, distributing, removing, or installing asbestos-containing products that were the same as those products previously manufactured, distributed, removed, or installed by the transferor.  History: [30-1903, added 2012, ch. 193, sec. 1, p. 521.]
ID Code § 30-1904 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1904 - LIMITATIONS ON SUCCESSOR ASBESTOS-RELATED LIABILITIES.

30-1904. LIMITATIONS ON SUCCESSOR ASBESTOS-RELATED LIABILITIES. (1) Except as further limited in subsection (2) of this section, the cumulative successor asbestos-related liabilities of a successor corporation are limited to the fair market value of the total gross assets of the transferor determined as of the time of the merger or consolidation. The successor corporation does not have responsibility for successor asbestos-related liabilities in excess of this limitation. (2) If the transferor has assumed or incurred successor asbestos-related liabilities in connection with a prior merger or consolidation with a prior transferor, then the fair market value of the total assets of the prior transferor determined as of the time of the earlier merger or consolidation shall be substituted for the limitation set forth in subsection (1) of this section for purposes of determining the limitation of liability of a successor corporation.  History: [30-1904, added 2012, ch. 193, sec. 1, p. 521.]
ID Code § 30-1905 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1905 - ESTABLISHING FAIR MARKET VALUE OF TOTAL GROSS ASSETS.

30-1905. ESTABLISHING FAIR MARKET VALUE OF TOTAL GROSS ASSETS. (1) A successor corporation may establish the fair market value of total gross assets for the purpose of the limitations under section 30-1904, Idaho Code, through any method reasonable under the circumstances, including: (a) By reference to the going concern value of the assets or to the purchase price attributable to or paid for the assets in an arms-length transaction; or (b) In the absence of other readily available information from which the fair market value can be determined, by reference to the value of the assets recorded on a balance sheet. (2) Total gross assets include intangible assets. (3) To the extent total gross assets include any liability insurance that was issued to the transferor whose assets are being valued for purposes of this section, the applicability, terms, conditions and limits of such insurance shall not be affected by this statute, nor shall this statute otherwise affect the rights and obligations of an insurer, transferor or successor under any insurance contract and/or any related agreements, including, without limitation, preenactment settlements resolving coverage-related disputes, and the rights of an insurer to seek payment for applicable deductibles, retrospective premiums or self-insured retentions or to seek contribution from a successor for uninsured or self-insured periods or periods where insurance is uncollectible or otherwise unavailable. Without limiting the foregoing, to the extent total gross assets include any such liability insurance, a settlement of a dispute concerning any such liability insurance coverage entered into by a transferor or successor with the insurers of the transferor before the effective date of this act shall be determinative of the total coverage of such liability insurance to be included in the calculation of the transferor’s total gross assets.  History: [30-1905, added 2012, ch. 193, sec. 1, p. 521.]
ID Code § 30-1906 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1906 - ADJUSTMENT.

30-1906. ADJUSTMENT. (1) Except as provided in subsections (2) through (4) of this section, the fair market value of total gross assets at the time of the merger or consolidation shall increase annually at a rate equal to the sum of: (a) The prime rate as listed in the first edition of the Wall Street Journal published for each calendar year since the merger or consolidation, unless the prime rate is not published in that edition of the Wall Street Journal, in which case any reasonable determination of the prime rate on the first day of the year may be used; and (b) One percent (1%). (2) The rate enumerated in subsection (1) of this section shall not be compounded. (3) The adjustment of the fair market value of total gross assets shall continue as provided in subsection (1) of this section until the date the adjusted value is first exceeded by the cumulative amounts of successor asbestos-related liabilities paid or committed to be paid by, or on behalf of, the successor corporation or a predecessor or by, or on behalf of, a transferor after the time of the merger or consolidation for which the fair market value of total gross assets is determined. (4) No adjustment of the fair market value of total gross assets shall be applied to any liability insurance that may be included in the definition of total gross assets by subsection (3) of section 30-1905, Idaho Code.  History: [30-1906, added 2012, ch. 193, sec. 1, p. 522.]
ID Code § 30-1907 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 19 - SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT|Section 30-1907 - SCOPE OF CHAPTER — APPLICATION.

30-1907. SCOPE OF CHAPTER — APPLICATION. (1) The courts of this state shall construe the provisions of this act liberally with regard to successors. (2) This act shall apply to all asbestos claims filed against a successor on or after the effective date of this act and to any pending asbestos claims against a successor in which trial has not commenced as of the effective date of this act, except that any provisions of these sections which would be unconstitutional if applied retroactively shall be applied prospectively.  History: [30-1907, added 2012, ch. 193, sec. 1, p. 522.]
ID Code § 30-2001 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 20 - IDAHO BENEFIT CORPORATION ACT|Section 30-2001 - APPLICATION AND EFFECT OF THIS CHAPTER.

30-2001. APPLICATION AND EFFECT OF THIS CHAPTER. (1) This chapter may be known and cited as the "Idaho Benefit Corporation Act." (2) This chapter shall be applicable to all benefit corporations. (3) The existence of a provision of this chapter shall not of itself create an implication that a contrary or different rule of law is applicable to a business corporation that is not a benefit corporation. This chapter shall not affect a statute or rule of law that is applicable to a business corporation that is not a benefit corporation. (4) Except as otherwise provided in this chapter, the Idaho business corporation act shall be generally applicable to all benefit corporations. A benefit corporation may be subject simultaneously to this chapter and other chapters of this title. The provisions of this chapter shall control over other provisions of this title, including chapters 1 and 13 of this title. (5) A provision of the articles of incorporation or bylaws of a benefit corporation may not limit, be inconsistent with or supersede a provision of this chapter.  History: [30-2001, added 2015, ch. 217, sec. 1, p. 673.]
ID Code § 30-2003 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 20 - IDAHO BENEFIT CORPORATION ACT|Section 30-2003 - INCORPORATION.

30-2003. INCORPORATION. A benefit corporation shall be incorporated in accordance with part 2, chapter 29, title 30, Idaho Code, but its articles of incorporation must also state that it is a benefit corporation.  History: [30-2003, added 2015, ch. 217, sec. 1, p. 675; am. 2016, ch. 47, sec. 6, p. 106.]
ID Code § 30-2004 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 20 - IDAHO BENEFIT CORPORATION ACT|Section 30-2004 - ELECTION OF BENEFIT CORPORATION STATUS.

30-2004. ELECTION OF BENEFIT CORPORATION STATUS. (1) An existing business corporation may become a benefit corporation under this chapter by amending its articles of incorporation so that they contain a statement that the corporation is a benefit corporation. In order to be effective, the amendment must be adopted by at least the minimum status vote. (2) (a) Except as provided in paragraph (b) of this subsection, if a domestic entity that is not a benefit corporation is a party to a merger or conversion or the exchanging entity in an interest exchange and the surviving or converted entity in the merger, conversion or interest exchange is to be a benefit corporation, the plan of merger, conversion or interest exchange must be approved by the domestic entity by at least the minimum status vote.  (b) Paragraph (a) of this subsection does not apply in the case of a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger pursuant to section 30-29-1105, Idaho Code.   History: [30-2004, added 2015, ch. 217, sec. 1, p. 675; am. 2016, ch. 47, sec. 7, p. 106.]
ID Code § 30-2005 (2021)
2021 Idaho Code|Title 30 - CORPORATIONS|Chapter 20 - IDAHO BENEFIT CORPORATION ACT|Section 30-2005 - TERMINATION OF STATUS.

30-2005. TERMINATION OF STATUS. (1) A benefit corporation may terminate its status as such and cease to be subject to this chapter by amending its articles of incorporation to delete the provision adopting benefit corporation status. In order to be effective, the amendment must be adopted by at least the minimum status vote. (2) (a) Except as provided in paragraph (b) of this subsection, if a plan of merger, conversion or share exchange would have the effect of terminating the status of a business corporation as a benefit corporation, the plan must be adopted by at least the minimum status vote in order to be effective. (b) Paragraph (a) of this subsection does not apply in the case of a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger pursuant to section 30-29-1105, Idaho Code. (3) Any sale, lease, exchange or other disposition of all or substantially all of the assets of a benefit corporation, unless the transaction is in the usual and regular course of business, shall not be effective unless the transaction is approved by at least the minimum status vote.  History: [30-2005, added 2015, ch. 217, sec. 1, p. 675; am. 2016, ch. 47, sec. 8, p. 106.]