Idaho Code § 30-27-125

Current through the 2024 Regular Session
Section 30-27-125 - DISTRIBUTIONS PROHIBITED - COMPENSATION AND OTHER PERMITTED PAYMENTS
(a) Except as otherwise provided in subsection (b) of this section, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.
(b) An unincorporated nonprofit association may:
(1) Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered;
(2) Confer benefits on a member or manager in conformity with its nonprofit purposes;
(3) Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles; or
(4) Make distributions of property to members upon winding up and termination to the extent permitted by section 30-27 128, Idaho Code.

Idaho Code § 30-27-125

[30-27-125, added 2015 , ch. 243, sec. 53 , p. 900.]
Added by 2015 Session Laws, ch. 243, sec. 53, eff. 7/1/2015.