Idaho § 62-103 - Bonds - Sinking fund - Conversion into stock
Full text of Idaho Idaho Statutes § 62-103 — Bonds - Sinking fund - Conversion into stock, with citation guidance and answers to common questions.
§ 62-103. Bonds - Sinking fund - Conversion into stock
The directors must provide a sinking fund, to be specially applied to the redemption of such bonds on or before their maturity, and may also confer on any holder of any bond or note issued, for money borrowed or in payment of any debt or contract for the construction and equipment of such road, the right to convert the principal due or owing thereon into stock of such corporation, at any time within eight (8) years from the date of such bonds, under such regulations as the directors may adopt.
Frequently Asked Questions About Idaho § 62-103
What does Idaho Statutes § 62-103 cover?
Section 62-103 ("Bonds - Sinking fund - Conversion into stock") 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 § 62-103?
A common citation format is "Idaho Statutes § 62-103" (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 § 62-103 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.