Idaho Code 30-22-110 – Conflict of Laws and Excluded Transactions
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(a) In the event of any conflict between the provisions of this chapter and the provisions of the following laws, the following laws shall control:
(1) The Idaho bank act, as defined in section 26-101, Idaho Code;
(2) The Idaho credit union act, chapter 21, title 26, Idaho Code;
(3) Chapters 28, 32, 34, 38 and 48, title 41, Idaho Code;
(4) The business and industrial development corporation act, chapter 27, title 26, Idaho Code.
(b) This chapter may not be used to effect a transaction that results in a domestic entity of a type that cannot be formed by the filing of a public organic record with the secretary of state, except for a general partnership and an unincorporated nonprofit association.
Terms Used In Idaho Code 30-22-110
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114