Montana Statutes
§ 32-4-303 — Withdrawal Of Membership
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 4 DEVELOPMENT CORPORATION ACT·Part 3 Operation and Regulation
32-4-303 . Withdrawal of membership.
(1)Membership in the corporation shall be for the duration of the corporation, provided that, upon written notice given to the corporation 2 years in advance, a member may withdraw from membership in the corporation at the expiration date of such notice.
(2)A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to the withdrawal of said member.
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Legislative History
En. Sec. 11, Ch. 128, L. 1969; R.C.M. 1947, 15-2611.
Nearby Sections
15
§ 32-4-101
Definitions§ 32-4-102
Purpose§ 32-4-104
Application Of Corporation Law§ 32-4-202
Duration§ 32-4-203
Certificate Of Incorporation§ 32-4-204
Effect Of Failure To Commence Business§ 32-4-205
Amendment Of Articles Of Incorporation§ 32-4-206
Board Of Directors§ 32-4-207
First Meeting Of Corporation§ 32-4-208
Stock Ownership And Limitations§ 32-4-301
Powers Of Stockholders§ 32-4-303
Withdrawal Of Membership