Montana § 35-14-622 Liability Of Shareholders

Montana Statutes

§ 35-14-622 — Liability Of Shareholders

Montana § 35-14-622

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 14MONTANA BUSINESS CORPORATION ACT

Part 6Shares and Distributions

This text of Montana § 35-14-622 (Liability Of Shareholders) 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. § 35-14-622 (2026).

Text

35-14-622 . Liability of shareholders.

(1)A purchaser from a corporation of the corporation's own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or specified in the subscription agreement.

(2)A shareholder of a corporation is not personally liable for any liabilities of the corporation, including liabilities arising from acts of the corporation, except:

(a)to the extent provided in a provision of the articles of incorporation permitted by 35-14-202 (2)(b)(v); and

(b)that a shareholder may become personally liable by reason of the shareholder's own acts or conduct.

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35-14-622 . Liability of shareholders. (1) A purchaser from a corporation of the corporation's own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or specified in the subscription agreement.
(2) A shareholder of a corporation is not personally liable for any liabilities of the corporation, including liabilities arising from acts of the corporation, except:
(a) to the extent provided in a provision of the articles of incorporation permitted by 35-14-202 (2)(b)(v); and
(b) that a shareholder may become personally liable by reason of the shareholder's own acts or conduct.