35-15-203. First meeting. As soon as the initial shares of the capital stock have been subscribed, the commissioners shall convene a meeting of the subscribers for the purpose of electing directors, adopting bylaws, and transacting other business properly before them. Notice of the meeting must be given to each subscriber by mailing the notice, properly addressed, at least 10 days before the meeting. The notice must contain the object, time, and place of the meeting.
History: En. Sec. 872, Civ. C. 1895; re-en. Sec. 4212, Rev. C. 1907; re-en. Sec. 6377, R.C.M. 1921; re-en. Sec. 6377, R.C.M. 1935; amd. Sec. 2, Ch. 273, L. 1955; amd. Sec. 1, Ch. 342, L. 1973; R.C.M. 1947, 14-203(part); amd. Sec. 3, Ch. 109, L. 2001.
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