{"data":{"id":"us-mt/35-2-231","jurisdiction":"us-mt","citation":"35-2-231","heading":"Class voting by members on amendments.","body":"(1) The members of a class in a public benefit corporation are entitled to vote as a class on a proposed amendment to the bylaws if the amendment would change the rights of that class as to voting in a manner different from the manner in which the amendment would affect another class or members of another class.\n(2) Members of a class in a mutual benefit corporation are entitled to vote as a class on a proposed amendment to the bylaws if the amendment would:\n(a) affect the rights, privileges, preferences, restrictions, or conditions of that class as to voting, dissolution, redemption, or transfer of memberships in a manner different from the manner in which the amendment would affect another class;\n(b) change the rights, privileges, preferences, restrictions, or conditions of that class as to voting, dissolution, redemption, or transfer by changing the rights, privileges, preferences, restrictions, or conditions of another class;\n(c) increase or decrease the number of memberships authorized for that class;\n(d) increase the number of memberships authorized for another class;\n(e) cause an exchange, reclassification, or termination of all or part of the memberships of that class; or\n(f) authorize a new class of memberships.\n(3) The members of a class of a religious corporation are entitled to vote as a class on a proposed amendment to the bylaws only if a class vote is provided for in the articles or bylaws.\n(4) If a class is to be divided into two or more classes as a result of an amendment to the bylaws, the amendment must be approved by the members of each class that would be created by the amendment.\n(5) If a class vote is required to approve an amendment to the bylaws, the amendment must be approved by the members of the class by two-thirds of the votes cast by the class or a majority of the voting power of the class, whichever is less.\n(6) A class of members is entitled to the voting rights granted by this section although the articles and bylaws provide that the class may not vote on the proposed amendment.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 2. NONPROFIT CORPORATIONS","Part 2. Formation -- Articles of Incorporation Bylaws -- Amendments"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0020/part_0020/section_0310/0350-0020-0020-0310.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:08Z","sha256":"dfedd3a34c978b0bae3d1fd3cd531290925b79fb940d64cf223c18a62aab2810","source_id":"us-mt","stale":false,"prev":"us-mt/35-2-230","next":"us-mt/35-2-232"},"notice":"GroundRules: Original legal text. Not legal advice."}