35-9-306. Limited liability. 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. History: En. Sec. 17, Ch. 432, L. 1987.
Montana Legal Code
§ 35-9-306
Source: https://mca.legmt.gov/bills/mca/title_0350/chapter_0090/part_0030/section_0060/0350-0090-0030-0060.html· Version 2025