Idaho § 42-2213 - Accumulated surplus funds - Investment
Full text of Idaho Idaho Statutes § 42-2213 — Accumulated surplus funds - Investment, with citation guidance and answers to common questions.
§ 42-2213. Accumulated surplus funds - Investment
When any corporation organized for the operation, control or management of an irrigation project or canal system, or for the purpose of furnishing water to its shareholders and not for profit or hire, shall have accumulated, out of assessment funds or otherwise, reasonable reserves for emergency, contingent or non-recurring expenses and charges, the funds held in such reserves may be invested by the board of directors of such company under the standards specified in the Prudent Man Investment Act as set forth in chapter 5, title 68 , Idaho Code.
[42-2213, added 1965, ch. 186, sec. 2, p. 393.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 42-2213
What does Idaho Statutes § 42-2213 cover?
Section 42-2213 ("Accumulated surplus funds - Investment") 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 § 42-2213?
A common citation format is "Idaho Statutes § 42-2213" (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 § 42-2213 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.