Montana Code 35-6-101. Applicability to corporations presently in default
Current as of: 2023 | Check for updates
|
Other versions
35-6-101. Applicability to corporations presently in default. (1) The secretary of state may initiate procedures consistent with this chapter to dissolve nonprofit corporations organized under Title 35, chapters 2 and 3.
Terms Used In Montana Code 35-6-101
- 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.
- 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
(2)Administrative dissolution of corporations organized under Title 35, chapters 4 and 9 or chapter 14, is governed by 35-14-1420 through 35-14-1423.
(3)As used in 35-6-103 and 35-6-104, “defaulting corporation” does not include a corporation organized under Title 35, chapters 4 and 9 or chapter 14.