Under no circumstances shall the credit of the state of Idaho be pledged to any corporation organized under the provisions of this act.
Terms Used In Idaho Code 26-2416
- 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.
- 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