{"data":{"id":"us-mt/35-15-404","jurisdiction":"us-mt","citation":"35-15-404","heading":"Share exempt from attachment and execution -- sale upon death of member.","body":"(1) The share, not exceeding the par value of $500, of each member is exempt from seizure on attachment or sale under execution.\n(2) Upon a member's death, the share must be sold by the association and the proceeds, after deducting all liabilities to the association, must be delivered to the deceased member's heirs.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 15. COOPERATIVE ASSOCIATIONS","Part 4. Shares, Dividends, and Distributions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0150/part_0040/section_0040/0350-0150-0040-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:31Z","sha256":"79a103c6a3a86197585e0bde602204d92a0427a0e1de662f9bfeb1d82fb0a6ad","source_id":"us-mt","stale":false,"prev":"us-mt/35-15-403","next":"us-mt/35-15-405"},"notice":"GroundRules: Original legal text. Not legal advice."}