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ID H0204
Bill
Status
Engrossed
3/8/2019
Primary Sponsor
State Affairs Committee
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AI Summary
- Revises Idaho Code Section 55-102 to update the definitions of tangible and intangible personal property
- Defines tangible personal property as property that can be perceived by the senses but excludes documents or objects that merely evidence a valuable interest, claim, or right with negligible or no intrinsic value
- Defines intangible personal property as claims, interests, or rights that have value but cannot be perceived by the senses, though their existence may be evidenced by a document
- Lists specific examples of intangible personal property including stocks, bonds, notes, accounts receivable, franchises, licenses, permits, deposits, insurance policies, annuities, pensions, causes of action, contracts, and goodwill
Legislative Description
Amends existing law to revise the definition of “personal property.”
PROPERTY
Last Action
Introduced, read first time; referred to: Judiciary & Rules
3/11/2019
Committee Referrals
Judiciary and Rules3/11/2019
State Affairs2/26/2019
Full Bill Text
No bill text available