{"data":{"id":"us-mt/35-9-306","jurisdiction":"us-mt","citation":"35-9-306","heading":"Limited liability.","body":"The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 9. MONTANA CLOSE CORPORATION ACT","Part 3. Regulation and Operation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0090/part_0030/section_0060/0350-0090-0030-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:18Z","sha256":"1121fe47a75ce722e765af8cb6f5778a60f7ff7938a8ee10ed4d5048819506fc","source_id":"us-mt","stale":false,"prev":"us-mt/35-9-305","next":"us-mt/35-9-401"},"notice":"GroundRules: Original legal text. Not legal advice."}