§ 27-28-501 Judgment forbidding continuation of offending acts
§ 27-28-502 Judgment dissolving corporation
§ 27-28-503 Costs — judgment against corporation or alleged corporation
§ 27-28-504 Court appointed trustees to settle affairs of dissolved corporation
§ 27-28-505 Powers and duties of trustees — liability
§ 27-28-506 Refusal to deliver assets or papers to trustees — punishment for contempt — liability
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Terms Used In Montana Code > Title 27 > Chapter 28 > Part 5 - Actions Against Corporations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201