{"data":{"id":"us-mt/35-2-435","jurisdiction":"us-mt","citation":"35-2-435","heading":"Loans to or guaranties for directors and officers.","body":"(1) A corporation may not lend money to or guarantee the obligation of a director or officer of the corporation.\n(2) The fact that a loan or guaranty is made in violation of this section does not affect the borrower's liability on the loan.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 2. NONPROFIT CORPORATIONS","Part 4. Directors and Officers -- Indemnification"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0020/part_0040/section_0350/0350-0020-0040-0350.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:09Z","sha256":"df6b92d0c677cbc6daa0344e5a41d72bdd597487b7da179d698e73bcabb452cd","source_id":"us-mt","stale":false,"prev":"us-mt/35-2-434","next":"us-mt/35-2-436"},"notice":"GroundRules: Original legal text. Not legal advice."}