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

35-9-306. Limited liability.

50 words·~1 min read·/mt/title-35/chapter-9/part-3/35-9-306

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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.
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