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ID S1109
Bill
Status
4/3/2015
Primary Sponsor
Judiciary and Rules Committee
Click for details
AI Summary
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Repeals Chapter 4, Title 30 (Idaho Registered Agents Act), Chapter 13, Title 30 (Professional Service Corporations), Chapter 5, Title 53 (Assumed Business Names), and Chapter 7, Title 53 (Uniform Unincorporated Nonprofit Association Act).
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Removes exemption in Section 41-3921 prohibiting persons from simultaneously being shareholders of more than one professional service organization.
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Corrects code references in Sections 54-1235, 54-1510, 54-2113, and 54-3003 by updating terminology from "professional service corporation" to "professional service corporation entity" and referencing Part 9, Chapter 21, Title 30 instead of outdated provisions.
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Changes in Section 54-1510 update optometry licensing law to reference the new code structure for professional service entities.
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Effective date is July 1, 2015, contingent upon passage of Senate Bill No. 1025 in the same legislative session.
Legislative Description
Amends and repeals existing law relating to the Idaho Uniform Business Organizations Code and to provide correct code references.
UNIFORM BUSINESS ORGANIZATIONS CODE
Last Action
Signed by Governor on 04/03/15 Session Law Chapter 251 Effective: 07/01/2015 and upon passage of Senate Bill 1025 as enacted by the First Regular Session of the 63rd Idaho Legislature
4/3/2015