Montana Code 35-1-1411. Ownership certificates
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35-1-1411. Ownership certificates. In addition to all other legal requirements, each certificate representing shares of a benefit corporation must have conspicuously printed on the face of the certificate: “This entity is a benefit corporation organized under 35-1-1401 through 35-1-1412 of the Montana Code Annotated.”
Terms Used In Montana Code 35-1-1411
- Benefit corporation: means a corporation organized in this state that has elected to become subject to this part and whose status as a benefit corporation has not been terminated as provided in 35-1-1408. See Montana Code 35-1-1402
- 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.