Montana § 35-14-902 Excluded Transactions

Montana Statutes

§ 35-14-902 — Excluded Transactions

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 9 Domestication and Conversion

35-14-902 . Excluded transactions.

(1)This part may not be used to effect a transaction that:

(a)converts or domesticates a company organized on the mutual principle to one organized on the basis of share ownership;

(b)converts or domesticates banks and trust companies regulated under Title 32, chapter 1;

(c)converts or domesticates building and loan associations regulated under Title 32, chapter 2;

(d)converts or domesticates credit unions regulated under Title 32, chapter 3; or

(e)converts or domesticates insurance companies regulated under Title 33.

(2)The conversion of a domestic corporation to a domestic benefit corporation is governed by Title 35, chapter 1, part 14, and not by this part.

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

35-14-902 . Excluded transactions. (1) This part may not be used to effect a transaction that:
(a) converts or domesticates a company organized on the mutual principle to one organized on the basis of share ownership;
(b) converts or domesticates banks and trust companies regulated under Title 32, chapter 1;
(c) converts or domesticates building and loan associations regulated under Title 32, chapter 2;
(d) converts or domesticates credit unions regulated under Title 32, chapter 3; or
(e) converts or domesticates insurance companies regulated under Title 33.
(2) The conversion of a domestic corporation to a domestic benefit corporation is governed by Title 35, chapter 1, part 14, and not by this part.

Montana § 35-14-902 (Excluded Transactions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.