Montana § 35-16-315 Directors -- Number -- Powers

Montana Statutes

§ 35-16-315 — Directors -- Number -- Powers

Montana § 35-16-315

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 16AGRICULTURAL ASSOCIATIONS

Part 3Members and Directors

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Bluebook

Mont. Code Ann. § 35-16-315 (2026).

Text

35-16-315 . Directors -- number -- powers.

(1)The corporate or district powers, business, and property of all corporations or districts formed under the provisions hereof must be exercised, conducted, and controlled by a board, which shall never be less than three members. Otherwise, the number of members of the board may be increased or diminished at any time by proper amendment of the bylaws with reference thereto.

(2)The directors shall have the power to sell, lease, mortgage, hypothecate, or otherwise dispose of the corporate assets of the corporation or district, or any part thereof, as distinguished from membership lands.

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35-16-315 . Directors -- number -- powers. (1) The corporate or district powers, business, and property of all corporations or districts formed under the provisions hereof must be exercised, conducted, and controlled by a board, which shall never be less than three members. Otherwise, the number of members of the board may be increased or diminished at any time by proper amendment of the bylaws with reference thereto.
(2) The directors shall have the power to sell, lease, mortgage, hypothecate, or otherwise dispose of the corporate assets of the corporation or district, or any part thereof, as distinguished from membership lands.