Montana Statutes
§ 35-14-631 — Corporation's Acquisition Of Its Own Shares
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 6 Shares and Distributions
35-14-631 . Corporation's acquisition of its own shares.
(1)A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
(2)If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
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Legislative History
En. Sec. 59, Ch. 271, L. 2019.
Nearby Sections
15
§ 35-14-1001
Authority To Amend§ 35-14-1002
Amendment Before Issuance Of Shares§ 35-14-1003
Amendment By Board Of Directors And Shareholders§ 35-14-1004
Voting On Amendments By Voting Groups§ 35-14-1005
Amendment By Board Of Directors§ 35-14-1006
Articles Of Amendment§ 35-14-1007
Restated Articles Of Incorporation§ 35-14-1008
Amendment Pursuant To Reorganization§ 35-14-1009
Effect Of Amendment§ 35-14-101
Short Title§ 35-14-1010
Through 35-14-1019 Reserved§ 35-14-102
Reservation Of Power To Amend Or Repeal§ 35-14-1020
Authority To Amend