Idaho § 30-1609 - Redemption
Full text of Idaho Idaho Statutes § 30-1609 — Redemption, with citation guidance and answers to common questions.
§ 30-1609. Redemption
(1) Unless otherwise expressly provided in the articles or in bylaws of an issuing public corporation, the issuing public corporation may call for redemption of all but not less than all shares referred to in section 30-1603 (2), Idaho Code, acquired in a control share acquisition at a redemption price equal to the market value of the shares at the time the call for redemption is given if either:
(a) An information statement has not been delivered to the issuing public corporation by the acquiring person by the tenth day after the control share acquisition; or
(b) An information statement has been delivered but the shareholders have voted not to accord voting rights to such shares pursuant to section 30-1607 (2), Idaho Code.
(2) The issuing public corporation shall give the call for redemption within thirty (30) days after the event giving the issuing public corporation the option to call the shares for redemption and the shares shall be redeemed within sixty (60) days after the call is given.
[30-1609, added 1988, ch. 84, sec. 2, p. 156.]
Frequently Asked Questions About Idaho § 30-1609
What does Idaho Statutes § 30-1609 cover?
Section 30-1609 ("Redemption") 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 § 30-1609?
A common citation format is "Idaho Statutes § 30-1609" (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 § 30-1609 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.