Montana § 33-2-1357 - Personal Liability
Full text of Montana Montana Code Annotated § 33-2-1357 — Personal Liability, with citation guidance and answers to common questions.
§ 33-2-1357. Personal Liability
Personal liability. (1) Every officer, manager, employee, shareholder, member, subscriber, attorney, or any other person acting on behalf of the insurer who knowingly participates in giving any preference when the individual has reasonable cause to believe the insurer is or is about to become insolvent at the time of the preference is personally liable to the liquidator for the amount of the preference. It is permissible to infer that there is reasonable cause to so believe if the transfer was made within 4 months before the date of filing of a successful petition for liquidation. (2) Every person receiving any property from the insurer or the benefit of the property as a preference voidable under 33-2-1353 (1) is personally liable and is bound to account to the liquidator. (3) This section does not prejudice any other claim by the liquidator against any person.
Frequently Asked Questions About Montana § 33-2-1357
What does Montana Code Annotated § 33-2-1357 cover?
Section 33-2-1357 ("Personal Liability") 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 § 33-2-1357?
A common citation format is "Montana Code Annotated § 33-2-1357" (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 § 33-2-1357 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.