Montana § 35-9-303 Bylaws

Montana Statutes

§ 35-9-303 — Bylaws

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 9 MONTANA CLOSE CORPORATION ACT·Part 3 Regulation and Operation

35-9-303 . Bylaws.

(1)A statutory close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by 35-9-301 .

(2)If a corporation does not have bylaws when its statutory close corporation status terminates under 35-9-402 , the corporation shall immediately adopt bylaws under 35-14-206 .

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35-9-303 . Bylaws. (1) A statutory close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by 35-9-301 .
(2) If a corporation does not have bylaws when its statutory close corporation status terminates under 35-9-402 , the corporation shall immediately adopt bylaws under 35-14-206 .

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