35-16-209. Creation of subdivisions or subdistricts. Any corporation or district organized under the provisions hereof shall have the power to create subdivisions or subdistricts of said corporation or district, by geographical or other location, as shall best subserve the purposes of the corporation or district or the welfare of the membership of the corporation or district residing in the proposed subdivision or subdistrict, provided any property owned or acquired by the subdivision or subdistrict thus created shall at all times be the property of the corporation or district and its members and membership lands subject to the objects, purposes, and liabilities of the corporation or district, as herein provided.
History: En. Sec. 8, Art. 1, Ch. 152, L. 1921; re-en. Sec. 6404, R.C.M. 1921; re-en. Sec. 6404, R.C.M. 1935; R.C.M. 1947, 14-308.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 16. Agricultural Associations
35-16-201. Who may incorporate -- purposes of incorporation
35-16-202. Petition for incorporation -- contents and filing -- bond
35-16-203. Notice of hearing of petition
35-16-205. First meeting -- notice
35-16-206. Bylaws to be adopted at first meeting
35-16-208. Bylaws -- recording and amendment
35-16-209. Creation of subdivisions or subdistricts
35-16-210. Existing associations -- reorganization under chapter
35-16-211. Stockholders dissenting from reorganization of existing association -- appraisal remedy