{"data":{"id":"us-mt/35-18-325","jurisdiction":"us-mt","citation":"35-18-325","heading":"Duties of trustees and officers.","body":"(1) A trustee or officer shall discharge the duties of the office, including the trustee's or officer's duties as a member of any committee:\n(a) in good faith;\n(b) with the care that an ordinarily prudent person in a similar position would exercise under similar circumstances; and\n(c) in a manner that the trustee or officer reasonably believes to be in the best interest of the cooperative.\n(2) In discharging duties, a trustee or officer is entitled to rely on factual information, opinions, reports, or statements, including but not limited to financial statements and other financial information, if prepared and presented by:\n(a) one or more officers or employees of the cooperative whom the trustee or officer reasonably believes to be reliable and competent in the subject matter presented;\n(b) attorneys, public accountants, engineers, or other persons with regard to subject matters that the trustee or officer reasonably believes are within the person's professional or expert competence; or\n(c) a committee of the board of trustees or officers of which the trustee or officer is not a member if the trustee or officer reasonably believes that the committee merits confidence.\n(3) A trustee or officer is not acting in good faith if the trustee or officer has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection (2) unwarranted.\n(4) A trustee or officer is not liable for any action taken as a trustee or officer or for any failure to take any action if the trustee or officer performs the duties of the office in compliance with this section.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 18. RURAL COOPERATIVE UTILITIES","Part 3. Operation -- Members, Trustees, and Officers"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0180/part_0030/section_0250/0350-0180-0030-0250.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:34Z","sha256":"a939d97ba8a5efa91bf3e7f2539dab615cf522ad2f6d4a5694ce80c6e216f287","source_id":"us-mt","stale":false,"prev":"us-mt/35-18-319","next":"us-mt/35-18-326"},"notice":"GroundRules: Original legal text. Not legal advice."}