35-6-103. Defaulting corporations -- penalties and forfeitures. A corporation which is guilty of any of the actions or omissions described in 35-6-102(1) is in default. The defaulting corporation may, by reason of such default, be dissolved involuntarily by an order of the secretary of state in accordance with the provisions of this chapter and thereby forfeit its right to transact any business within the state.
History: En. 15-2702 by Sec. 2, Ch. 455, L. 1977; R.C.M. 1947, 15-2702.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 6. Involuntary Corporate Dissolution
Part 1. Dissolution by Secretary of State
35-6-101. Applicability to corporations presently in default
35-6-102. Involuntary dissolution -- grounds
35-6-103. Defaulting corporations -- penalties and forfeitures