Montana § 35-14-622 - Liability Of Shareholders
Full text of Montana Montana Code Annotated § 35-14-622 — Liability Of Shareholders, with citation guidance and answers to common questions.
§ 35-14-622. Liability Of Shareholders
Liability of shareholders. (1) A purchaser from a corporation of the corporation's own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or specified in the subscription agreement. (2) A shareholder of a corporation is not personally liable for any liabilities of the corporation, including liabilities arising from acts of the corporation, except: (a) to the extent provided in a provision of the articles of incorporation permitted by 35-14-202 (2)(b)(v); and (b) that a shareholder may become personally liable by reason of the shareholder's own acts or conduct.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-14-622
What does Montana Code Annotated § 35-14-622 cover?
Section 35-14-622 ("Liability Of 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 § 35-14-622?
A common citation format is "Montana Code Annotated § 35-14-622" (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 § 35-14-622 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.