35-15-202. Limit on subscription or control of common stock -- one share per person. No person shall be permitted to subscribe for or control or own more or less than one share of the common stock of such association.
History: En. Sec. 871, Civ. C. 1895; re-en. Sec. 4211, Rev. C. 1907; re-en. Sec. 6376, R.C.M. 1921; amd. Sec. 1, Ch. 135, L. 1933; re-en. Sec. 6376, R.C.M. 1935; R.C.M. 1947, 14-202.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 15. Cooperative Associations
Part 2. Formation -- Articles of Incorporation -- Bylaws
35-15-202. Limit on subscription or control of common stock -- one share per person
35-15-204. Issuance of certificate of organization -- effect
35-15-205. Amendment of articles of incorporation -- fee
35-15-207. through 35-15-209 reserved