35-17-304. Expulsion of member. In case of the expulsion of a member, the board of directors shall equitably and conclusively appraise the member's property interests in the association and shall fix the amount of the interest in money, which must be paid to the member within 1 year after expulsion.
History: En. Sec. 10, Ch. 233, L. 1921; re-en. Sec. 6437, R.C.M. 1921; re-en. Sec. 6437, R.C.M. 1935; amd. Sec. 3, Ch. 298, L. 1977; R.C.M. 1947, 14-410(part); amd. Sec. 7, Ch. 130, L. 1999.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 17. Cooperative Agricultural Marketing
Part 3. Operation -- Members, Directors, and Officers
35-17-302. Stock -- issuance -- limitations on ownership and transfer -- repurchase by association
35-17-303. Limited liability of members
35-17-304. Expulsion of member
35-17-305. Meetings of members -- general and special -- how called -- notice -- one vote per member
35-17-306. through 35-17-310 reserved
35-17-311. Directors -- election -- compensation -- interest in contracts -- vacancies
35-17-312. Officers -- election -- bank as treasurer
35-17-313. Removal of officer or director
35-17-314. Referendum to membership of matters passed by board
35-17-315. Creation of capital reserve -- distribution of net earnings