Montana § 35-17-303 - Limited Liability Of Members
Full text of Montana Montana Code Annotated § 35-17-303 — Limited Liability Of Members, with citation guidance and answers to common questions.
§ 35-17-303. Limited Liability Of Members
Limited liability of members. Except for debts lawfully contracted between a member and the association, a member is not liable for the debts of the association for an amount exceeding the sum remaining unpaid on the member's membership fee or subscription to the capital stock, including any unpaid balance on any promissory notes given in payment of the subscription.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-17-303
What does Montana Code Annotated § 35-17-303 cover?
Section 35-17-303 ("Limited Liability Of Members") 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 § 35-17-303?
A common citation format is "Montana Code Annotated § 35-17-303" (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 § 35-17-303 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.