Montana § 35-18-329 Mandatory Indemnification

Montana Statutes

§ 35-18-329 — Mandatory Indemnification

Montana § 35-18-329

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 18RURAL COOPERATIVE UTILITIES

Part 3Operation -- Members, Trustees, and Officers

This text of Montana § 35-18-329 (Mandatory Indemnification) 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. § 35-18-329 (2026).

Text

35-18-329 . Mandatory indemnification. Unless limited by its articles of incorporation, a cooperative shall indemnify a trustee or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the trustee or officer was a party because the trustee or officer is or was a trustee or officer of the cooperative against reasonable expenses incurred by the trustee or officer in connection with the proceeding.

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35-18-329 . Mandatory indemnification. Unless limited by its articles of incorporation, a cooperative shall indemnify a trustee or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the trustee or officer was a party because the trustee or officer is or was a trustee or officer of the cooperative against reasonable expenses incurred by the trustee or officer in connection with the proceeding.