Montana Statutes
§ 35-9-306 — Limited Liability
Montana § 35-9-306
JurisdictionMontana
Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
Ch. 9MONTANA CLOSE CORPORATION ACT
Part 3Regulation and Operation
This text of Montana § 35-9-306 (Limited Liability) 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. § 35-9-306 (2026).
Text
35-9-306 . Limited liability. The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.
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Legislative History
En. Sec. 17, Ch. 432, L. 1987.
Nearby Sections
15
§ 35-9-101
Short Title§ 35-9-202
Share Transfer Prohibition§ 35-9-206
Exercise Of Compulsory Purchase Right§ 35-9-207
Court Action To Compel Purchase§ 35-9-208
Court Costs And Other Expenses§ 35-9-301
Shareholder Agreements§ 35-9-302
Elimination Of Board Of Directors§ 35-9-303
Bylaws§ 35-9-304
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Bluebook (online)
Montana § 35-9-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/9/35-9-306.