Montana § 35-14-142 Number Of Shareholders

Montana Statutes

§ 35-14-142 — Number Of Shareholders

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 1 General Provisions

35-14-142 . Number of shareholders.

(1)For purposes of this chapter, the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one shareholder:

(a)three or fewer co-owners;

(b)a corporation, partnership, trust, estate, or other entity; and

(c)the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

(2)For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

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35-14-142 . Number of shareholders. (1) For purposes of this chapter, the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one shareholder:
(a) three or fewer co-owners;
(b) a corporation, partnership, trust, estate, or other entity; and
(c) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(2) For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

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