Montana § 35-15-401 - Classes Of Stock
Full text of Montana Montana Code Annotated § 35-15-401 — Classes Of Stock, with citation guidance and answers to common questions.
§ 35-15-401. Classes Of Stock
Classes of stock. (1) The purchase price of the shares of stock must be set by the cooperative association and may be made payable in installments. (2) A cooperative association may divide its shares of stock into preferred and common stock. The holders of preferred stock may not have voting power and may not participate in the management and affairs of the association. The owners of preferred stock shall share in the profits of the association to the extent determined by the cooperative association. The common stock may be divided into classes of different values, and the owners of the common stock shall share in the profits of the association as determined by the cooperative association. However, the owners of common stock in the different classes have the same power and voting rights in the association.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-15-401
What does Montana Code Annotated § 35-15-401 cover?
Section 35-15-401 ("Classes Of Stock") 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 § 35-15-401?
A common citation format is "Montana Code Annotated § 35-15-401" (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 § 35-15-401 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.