Montana § 33-4-413 Suit To Collect Obligations -- Liability Of Directors Or Officers

Montana Statutes

§ 33-4-413 — Suit To Collect Obligations -- Liability Of Directors Or Officers

Montana § 33-4-413

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 4FARM MUTUAL INSURERS

Part 4Finance

This text of Montana § 33-4-413 (Suit To Collect Obligations -- Liability Of Directors Or Officers) 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. § 33-4-413 (2026).

Text

33-4-413 . Suit to collect obligations -- liability of directors or officers.

(1)An insurer may institute a suit against any member of such insurer if the member fails to pay when due any obligation or liability of the member given such insurer under the provisions of this chapter.

(2)The directors or officers of an insurer are liable in their individual capacity to the person sustaining an insured loss if they willfully refuse or neglect to perform the duties imposed upon them by the provisions of this section.

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33-4-413 . Suit to collect obligations -- liability of directors or officers. (1) An insurer may institute a suit against any member of such insurer if the member fails to pay when due any obligation or liability of the member given such insurer under the provisions of this chapter.
(2) The directors or officers of an insurer are liable in their individual capacity to the person sustaining an insured loss if they willfully refuse or neglect to perform the duties imposed upon them by the provisions of this section.