Montana § 33-10-226 - Distribution Of Ownership Rights -- Distribution To Shareholders
Full text of Montana Montana Code Annotated § 33-10-226 — Distribution Of Ownership Rights -- Distribution To Shareholders, with citation guidance and answers to common questions.
§ 33-10-226. Distribution Of Ownership Rights -- Distribution To Shareholders
Distribution of ownership rights -- distribution to shareholders. (1) Prior to the termination of any liquidation, rehabilitation, or supervision proceeding, the court may take into consideration the contributions of the respective parties, including the association, the shareholders, and policyowners of the impaired or insolvent insurer and any other party with a bona fide interest, in making an equitable distribution of the ownership rights of the impaired or insolvent insurer. In the determination, consideration must be given to the welfare of the policyowners of the continuing or successor insurer. (2) A distribution to stockholders, if any, of an impaired or insolvent insurer may not be made until and unless the association has fully recovered the total amount of valid claims of the association, with interest, for funds expended in carrying out its powers and duties under this part.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-10-226
What does Montana Code Annotated § 33-10-226 cover?
Section 33-10-226 ("Distribution Of Ownership Rights -- Distribution To Shareholders") 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 § 33-10-226?
A common citation format is "Montana Code Annotated § 33-10-226" (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 § 33-10-226 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.