Montana § 35-8-411 Continuation Of Term Company After Expiration Of Specified Term

Montana Statutes

§ 35-8-411 — Continuation Of Term Company After Expiration Of Specified Term

Montana § 35-8-411

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 8MONTANA LIMITED LIABILITY COMPANY ACT

Part 4Rights and Duties of Members and Managers

This text of Montana § 35-8-411 (Continuation Of Term Company After Expiration Of Specified Term) 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. § 35-8-411 (2026).

Text

35-8-411 . Continuation of term company after expiration of specified term.

(1)If a term company is continued after the expiration of the specified term, the rights and duties of the members and managers remain the same as they were at the expiration of the term except to the extent inconsistent with rights and duties of members and managers of an at-will company.

(2)If the members in a member-managed term company or the managers in a manager-managed term company continue the business without any winding up of the business of the company, it continues as an at-will company.

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35-8-411 . Continuation of term company after expiration of specified term. (1) If a term company is continued after the expiration of the specified term, the rights and duties of the members and managers remain the same as they were at the expiration of the term except to the extent inconsistent with rights and duties of members and managers of an at-will company.
(2) If the members in a member-managed term company or the managers in a manager-managed term company continue the business without any winding up of the business of the company, it continues as an at-will company.