Montana § 27-28-504 - Court Appointed Trustees To Settle Affairs Of Dissolved Corporation
Full text of Montana Montana Code Annotated § 27-28-504 — Court Appointed Trustees To Settle Affairs Of Dissolved Corporation, with citation guidance and answers to common questions.
§ 27-28-504. Court Appointed Trustees To Settle Affairs Of Dissolved Corporation
Court appointed trustees to settle affairs of dissolved corporation. The court rendering a judgment dissolving a corporation shall appoint trustees of the creditors and stockholders of the corporation, who, after giving an undertaking payable to the state, in such sum and with such sureties as the court may designate and approve, conditioned that they will faithfully discharge their trust and properly pay and apply all money that may come into their hands, shall have power to settle the affairs of the corporation, collect and pay outstanding debts, and divide among the stockholders the money and other property which remain after the payment of debts and necessary expenses.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 27-28-504
What does Montana Code Annotated § 27-28-504 cover?
Section 27-28-504 ("Court Appointed Trustees To Settle Affairs Of Dissolved Corporation") 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 § 27-28-504?
A common citation format is "Montana Code Annotated § 27-28-504" (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 § 27-28-504 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.