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    • Legislation USA
    • Montana Code Annotated
    • Title 35. Corporations, Partnerships, and Associations
    • Chapter 14. Montana Business Corporation Act
    • Part 6. Shares and Distributions
    • 35-14-631. Corporation's acquisition of its own shares

    Montana Code Annotated
    Part 6. Shares and Distributions
    35-14-631. Corporation's acquisition of its own shares

    35-14-631. Corporation's acquisition of its own shares. (1) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
    (2) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
    History: En. Sec. 59, Ch. 271, L. 2019.

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    Structure Montana Code Annotated

    Montana Code Annotated

    Title 35. Corporations, Partnerships, and Associations

    Chapter 14. Montana Business Corporation Act

    Part 6. Shares and Distributions

    35-14-601. Authorized shares

    35-14-602. Terms of class or series -- determination by board of directors

    35-14-603. Issued and outstanding shares

    35-14-604. Fractional shares

    35-14-605. through 35-14-619 reserved

    35-14-620. Subscription for shares -- before incorporation

    35-14-621. Issuance of shares

    35-14-622. Liability of shareholders

    35-14-623. Share dividends

    35-14-624. Share rights -- options -- warrants -- awards

    35-14-625. Certificates -- form -- content

    35-14-626. Shares without certificates

    35-14-627. Restriction on transfer of shares

    35-14-628. and 35-14-629 reserved

    35-14-630. Preemptive rights -- shareholder

    35-14-631. Corporation's acquisition of its own shares

    35-14-632. through 35-14-639 reserved

    35-14-640. Distributions to shareholders

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