Idaho § 43-204B - Bylaw limiting director liability authorized
Full text of Idaho Idaho Statutes § 43-204B — Bylaw limiting director liability authorized, with citation guidance and answers to common questions.
§ 43-204B. Bylaw limiting director liability authorized
The bylaws of the district may set forth a provision eliminating or limiting the personal liability of a director to the district or its qualified electors for monetary damages for breach of fiduciary duty as a director, provided that such provision shall not eliminate or limit the liability of a director:
(a) For any breach of the director’s duty of loyalty to the district or its qualified electors.
(b) For acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law.
(c) For any transaction from which the director derived an improper personal benefit.
No such provision shall eliminate or limit the liability of a director for any act or omission occurring prior to the date when such provision becomes effective.
[43-204B, added 1988, ch. 325, sec. 2, p. 988.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 43-204B
What does Idaho Statutes § 43-204B cover?
Section 43-204B ("Bylaw limiting director liability authorized") 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 § 43-204B?
A common citation format is "Idaho Statutes § 43-204B" (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 § 43-204B 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.