{"data":{"id":"us-mt/35-2-454","jurisdiction":"us-mt","citation":"35-2-454","heading":"Application.","body":"(1) A provision treating a corporation's indemnification of or advance for expenses to directors that is contained in its articles of incorporation, its bylaws, a resolution of its members or board of directors, a contract, or other instrument is valid only if and to the extent the provision is consistent with 35-2-446 through 35-2-454. If articles of incorporation limit indemnification or advance for expenses, indemnification and advance for expenses are valid only to the extent consistent with the articles.\n(2) Sections 35-2-446 through 35-2-454 do not limit a corporation's power to pay or reimburse expenses incurred by a director in connection with appearing as a witness in a proceeding at a time when the director has not been made a named defendant or respondent to the proceeding.","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_0540/0350-0020-0040-0540.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:09Z","sha256":"33e3c86799ee351795e08f2814f1f1b6530b532fb249133b4597946f6ddd605f","source_id":"us-mt","stale":false,"prev":"us-mt/35-2-453","next":"us-mt/35-2-501"},"notice":"GroundRules: Original legal text. Not legal advice."}