Montana Statutes
§ 35-9-403 — Effect Of Termination Of Statutory Close Corporation Status
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 9 MONTANA CLOSE CORPORATION ACT·Part 4 Reorganization and Dissolution
35-9-403 . Effect of termination of statutory close corporation status.
(1)A corporation that terminates its status as a statutory close corporation is thereafter subject to all provisions of the Montana Business Corporation Act or, if incorporated under the Montana Professional Corporation Act, to all provisions of that act.
(2)Termination of statutory close corporation status does not affect any right of a shareholder or of the corporation under an agreement or the articles of incorporation unless this chapter, the Montana Business Corporation Act, or another law of this state invalidates the right.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 35-9-403 (Effect Of Termination Of Statutory Close Corporation Status) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 20, 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
Annual Meeting