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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 9 · Part 3

35-9-303. Bylaws.

65 words·~1 min read·/mt/title-35/chapter-9/part-3/35-9-303

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35-9-303 . Bylaws.
(1)A statutory close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by 35-9-301 .
(2)If a corporation does not have bylaws when its statutory close corporation status terminates under 35-9-402 , the corporation shall immediately adopt bylaws under 35-14-206 .
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