30-18-103 RELATIONSHIP OF CHAPTER TO OTHER LAWS.
CORPORATIONS
CHAPTER 18
IDAHO ENTITY TRANSACTIONS ACT
PART 1
GENERAL PROVISIONS
30-18-103. Relationship of chapter to other laws. (1) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.
(2) This chapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this chapter.
(3) A transaction effected under this chapter may not create or impair any right or obligation on the part of a person under a provision of the law of this state other than this chapter relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating corporation unless:
(a) If the corporation does not survive the transaction, the transaction satisfies any requirements of the provision; or
(b) If the corporation survives the transaction, the plan is approved by a vote of the shareholders or directors that would be sufficient to create or impair the right or obligation by a vote of the shareholders or directors.