Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 9. Montana Close Corporation Act

Part 1. General

35-9-101. Short title - 35-9-101. Short title. This chapter shall be known and may...

35-9-102. Application of Montana Business Corporation Act and Montana Professional Corporation Act - 35-9-102. Application of Montana Business Corporation Act and Montana Professional...

35-9-103. Definition and election of statutory close corporation status - 35-9-103. Definition and election of statutory close corporation status. (1)...

Part 2. Share Transfer Restrictions

35-9-201. Notice of statutory close corporation status on issued shares - 35-9-201. Notice of statutory close corporation status on issued shares....

35-9-202. Share transfer prohibition - 35-9-202. Share transfer prohibition. (1) An interest in shares of...

35-9-203. Share transfer after first refusal by corporation - 35-9-203. Share transfer after first refusal by corporation. (1) A...

35-9-204. Attempted share transfer in breach of prohibition - 35-9-204. Attempted share transfer in breach of prohibition. (1) An...

35-9-205. Compulsory purchase of shares after death of shareholder - 35-9-205. Compulsory purchase of shares after death of shareholder. (1)...

35-9-206. Exercise of compulsory purchase right - 35-9-206. Exercise of compulsory purchase right. (1) A person entitled...

35-9-207. Court action to compel purchase - 35-9-207. Court action to compel purchase. (1) (a) If an...

35-9-208. Court costs and other expenses - 35-9-208. Court costs and other expenses. (1) The court in...

Part 3. Regulation and Operation

35-9-301. Shareholder agreements - 35-9-301. Shareholder agreements. (1) All the shareholders of a statutory...

35-9-302. Elimination of board of directors - 35-9-302. Elimination of board of directors. (1) A statutory close...

35-9-303. Bylaws - 35-9-303. Bylaws. (1) A statutory close corporation need not adopt...

35-9-304. Annual meeting - 35-9-304. Annual meeting. (1) The annual meeting date for a...

35-9-305. Holding more than one office -- execution of documents in more than one capacity - 35-9-305. Holding more than one office -- execution of documents...

35-9-306. Limited liability - 35-9-306. Limited liability. The failure of a statutory close corporation...

Part 4. Reorganization and Dissolution

35-9-401. Merger -- share exchange -- sale of assets - 35-9-401. Merger -- share exchange -- sale of assets. (1)...

35-9-402. Termination of statutory close corporation status - 35-9-402. Termination of statutory close corporation status. (1) A statutory...

35-9-403. Effect of termination of statutory close corporation status - 35-9-403. Effect of termination of statutory close corporation status. (1)...

35-9-404. Shareholder option to dissolve corporation - 35-9-404. Shareholder option to dissolve corporation. (1) The articles of...

Part 5. Shareholder Protection

35-9-501. Court action to protect shareholders - 35-9-501. Court action to protect shareholders. (1) Subject to satisfying...

35-9-502. Ordinary relief - 35-9-502. Ordinary relief. (1) If the court finds that one...

35-9-503. Extraordinary relief -- share purchase - 35-9-503. Extraordinary relief -- share purchase. (1) If the court...

35-9-504. Extraordinary relief -- dissolution - 35-9-504. Extraordinary relief -- dissolution. (1) The court may dissolve...