Montana Statutes

§ 35-2-421 — Removal Of Directors Elected By Members Or Directors

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 2 NONPROFIT CORPORATIONS·Part 4 Directors and Officers -- Indemnification

35-2-421 . Removal of directors elected by members or directors.

(1)The members may remove one or more directors elected by them without cause.
(2)If a director is elected by a class, chapter, or other organizational unit or by region or other geographic grouping, the director may be removed only by the members of that class, chapter, unit, or grouping.
(3)Except as provided in subsection (9), a director may be removed under subsection (1) or (2) only if the number of votes cast to remove the director would be sufficient to elect the director at a meeting to elect directors.
(4)If cumulative voting is authorized, a director may not be removed:
(a)if the number of votes sufficient to elect the director under cumulative voting is voted against the director's removal; or
(b)if the direc

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Legislative History

En. Sec. 80, Ch. 411, L. 1991.

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