Montana § 35-2-726 Known Claims Against Dissolved Corporation

Montana Statutes

§ 35-2-726 — Known Claims Against Dissolved Corporation

Montana § 35-2-726

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 2NONPROFIT CORPORATIONS

Part 7Dissolution and Liquidation

This text of Montana § 35-2-726 (Known Claims Against Dissolved Corporation) 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. § 35-2-726 (2026).

Text

35-2-726 . Known claims against dissolved corporation.

(1)A dissolved corporation shall dispose of the known claims against it by following the procedure described in this section.

(2)The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must:

(a)describe information that must be included in a claim;

(b)provide a mailing address where a claim may be sent;

(c)state the deadline, which may not be fewer than 120 days from the effective date of the written notice, by which the dissolved corporation must receive the claim; and

(d)state that the claim will be barred if not received by the deadline.

(3)A claim against the dissolved corporation is barred:

(a)if a claimant who was given written notic

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35-2-726 . Known claims against dissolved corporation. (1) A dissolved corporation shall dispose of the known claims against it by following the procedure described in this section.
(2) The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must:
(a) describe information that must be included in a claim;
(b) provide a mailing address where a claim may be sent;
(c) state the deadline, which may not be fewer than 120 days from the effective date of the written notice, by which the dissolved corporation must receive the claim; and
(d) state that the claim will be barred if not received by the deadline.
(3) A claim against the dissolved corporation is barred:
(a) if a claimant who was given written notice under subsection (2) does not deliver the claim to the dissolved corporation by the deadline; or
(b) if a claimant whose claim was rejected by the dissolved corporation does not commence a proceeding to enforce the claim within 90 days from the effective date of the rejection notice.
(4) For purposes of this section, "claim" does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.