Montana § 35-14-1431 Procedure For Judicial Dissolution

Montana Statutes

§ 35-14-1431 — Procedure For Judicial Dissolution

Montana § 35-14-1431

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 14MONTANA BUSINESS CORPORATION ACT

Part 14Dissolution

This text of Montana § 35-14-1431 (Procedure For Judicial Dissolution) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-14-1431 (2026).

Text

35-14-1431 . Procedure for judicial dissolution.

(1)Venue for a proceeding by the attorney general or any other party named in 35-14-1430 (1) lies in the district court of the county in which the corporation's principal office is located or, if its principal office is not located in this state, of the first judicial district.

(2)It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.

(3)A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver or custodian during the proceeding with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hear

Free access — add to your briefcase to read the full text and ask questions with AI

35-14-1431 . Procedure for judicial dissolution. (1) Venue for a proceeding by the attorney general or any other party named in 35-14-1430 (1) lies in the district court of the county in which the corporation's principal office is located or, if its principal office is not located in this state, of the first judicial district.
(2) It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.
(3) A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver or custodian during the proceeding with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hearing can be held.
(4) Within 10 days of the commencement of a proceeding to dissolve a corporation under 35-14-1430 (1)(b), the corporation shall deliver to all shareholders, other than the petitioner, a notice stating that the shareholders are entitled to avoid the dissolution of the corporation by electing to purchase the petitioner's shares under 35-14-1434 and accompanied by a copy of 35-14-1434 .