{"data":{"id":"us-mt/35-14-1324","jurisdiction":"us-mt","citation":"35-14-1324","heading":"Payment.","body":"(1) Except as provided in 35-14-1325, within 30 days after the form required by 35-14-1322(2)(b)(ii) is due, the corporation shall pay in cash to those shareholders who complied with 35-14-1323(1) the amount the corporation estimates to be the fair value of their shares, plus interest.\n(2) The payment to each shareholder pursuant to subsection (1) must be accompanied by:\n(a) (i) financial statements of the corporation that issued the shares to be appraised, consisting of a balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, and a cash flow statement for that year or, if those annual financial statements are not reasonably available, reasonably equivalent financial information; and\n(ii) the latest interim financial statements of the corporation, if any;\n(b) a statement of the corporation's estimate of the fair value of the shares, which must equal or exceed the corporation's estimate given pursuant to 35-14-1322(2)(b)(iii); and\n(c) a statement that shareholders described in subsection (1) of this section have the right to demand further payment under 35-14-1326 and that if any shareholder does not do so within the time period specified in 35-14-1326(2), the shareholder is considered to have accepted the payment under subsection (1) of this section in full satisfaction of the corporation's obligations under this part.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 14. MONTANA BUSINESS CORPORATION ACT","Part 13. Appraisal Rights"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0140/part_0130/section_0240/0350-0140-0130-0240.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:29Z","sha256":"6fc8c5f548c711cd141e8ed86d72755832279ae060dd048b37e243f73a933d2e","source_id":"us-mt","stale":false,"prev":"us-mt/35-14-1323","next":"us-mt/35-14-1325"},"notice":"GroundRules: Original legal text. Not legal advice."}