GroundRules
35-9-306: Limited liability.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 9. MONTANA CLOSE CORPORATION ACT
- Part 3. Regulation and Operation
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.
Collected 2026-09-14T04:53:18Z. Source file · JSON