Idaho § 42-1312
Full text of Idaho Idaho Statutes § 42-1312, with citation guidance and answers to common questions.
§ 42-1312.
LATERAL WATER USERS’ ASSOCIATION AUTHORIZED TO BORROW MONEY OR TO MORTGAGE OR PLEDGE ASSETS. (1) A lateral water users’ association may:
(a) Borrow money to repay a loan;
(b) Mortgage or pledge any assets of the association as security for a loan; and
(c) Levy assessments to repay a loan.
(2) Before any money can be borrowed or any mortgage or pledge can be made or entered into, the association’s secretary-treasurer shall send a written notice to all water users to inform the water users that an election is being called to determine whether or not the association, through its chair and secretary-treasurer, may borrow money or mortgage or pledge its assets. Such notice shall include a brief description of the proposed action and the date, time, and place of such election, which shall be held at least ten (10) days after the date of the secretary-treasurer’s notice.
(3) The election shall be determined by a majority vote of the water users present at the election in accordance with section 42-1302 (5), Idaho Code.
[42-1312, added 2026, ch. 112, sec. 25, p. 574.]
Frequently Asked Questions About Idaho § 42-1312
What does Idaho Statutes § 42-1312 cover?
Section 42-1312 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 42-1312?
A common citation format is "Idaho Statutes § 42-1312" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 42-1312 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.