Montana § 32-1-508 - Corporate Existence -- Ceases When
Full text of Montana Montana Code Annotated § 32-1-508 — Corporate Existence -- Ceases When, with citation guidance and answers to common questions.
§ 32-1-508. Corporate Existence -- Ceases When
Corporate existence -- ceases when. The charters and the corporate existence of banks shall cease automatically and become nonexistent upon the completion of liquidation of the affairs of said bank, whether accomplished voluntarily or through legal process. For the purposes of this section, a bank's affairs shall be considered liquidated and completed when all of its property of every kind has been sold or applied toward the payment of its obligations and the corporation is left without property in existence or in reasonable expectancy.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-508
What does Montana Code Annotated § 32-1-508 cover?
Section 32-1-508 ("Corporate Existence -- Ceases When") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 32-1-508?
A common citation format is "Montana Code Annotated § 32-1-508" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 32-1-508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.