Montana § 35-15-404 Share Exempt From Attachment And Execution -- Sale Upon Death Of Member

Montana Statutes

§ 35-15-404 — Share Exempt From Attachment And Execution -- Sale Upon Death Of Member

Montana § 35-15-404

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 15COOPERATIVE ASSOCIATIONS

Part 4Shares, Dividends, and Distributions

This text of Montana § 35-15-404 (Share Exempt From Attachment And Execution -- Sale Upon Death Of Member) 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. § 35-15-404 (2026).

Text

35-15-404 . Share exempt from attachment and execution -- sale upon death of member.

(1)The share, not exceeding the par value of $500, of each member is exempt from seizure on attachment or sale under execution.

(2)Upon a member's death, the share must be sold by the association and the proceeds, after deducting all liabilities to the association, must be delivered to the deceased member's heirs.

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35-15-404 . Share exempt from attachment and execution -- sale upon death of member. (1) The share, not exceeding the par value of $500, of each member is exempt from seizure on attachment or sale under execution.
(2) Upon a member's death, the share must be sold by the association and the proceeds, after deducting all liabilities to the association, must be delivered to the deceased member's heirs.

Legislative History

En. Sec. 878, Civ. C. 1895; re-en. Sec. 4218, Rev. C. 1907; amd. Sec. 2, Ch. 3, L. 1909; re-en. Sec. 6383, R.C.M. 1921; re-en. Sec. 6383, R.C.M. 1935; R.C.M. 1947, 14-209; amd. Sec. 1321, Ch. 56, L. 2009.