Montana § 35-2-522 Purchase Of Memberships

Montana Statutes

§ 35-2-522 — Purchase Of Memberships

Montana § 35-2-522

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 2NONPROFIT CORPORATIONS

Part 5Members -- Delegates -- Voting

This text of Montana § 35-2-522 (Purchase Of Memberships) 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. § 35-2-522 (2026).

Text

35-2-522 . Purchase of memberships.

(1)A public benefit corporation or religious corporation may not purchase any of its memberships or any right arising from membership.

(2)A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. A payment may not be made in violation of 35-2-1401 and 35-2-1402 .

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35-2-522 . Purchase of memberships. (1) A public benefit corporation or religious corporation may not purchase any of its memberships or any right arising from membership.
(2) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. A payment may not be made in violation of 35-2-1401 and 35-2-1402 .