Montana § 35-2-1301 - Standing
Full text of Montana Montana Code Annotated § 35-2-1301 — Standing, with citation guidance and answers to common questions.
§ 35-2-1301. Standing
Standing. (1) For purposes of this part, "derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in 35-2-1307 , in the right of a foreign corporation. (2) A derivative proceeding may be commenced or maintained by a complainant who is: (a) a director at the time of the bringing of the proceeding; or (b) a member or members having 5% or more of the voting power or by 50 members, whichever is less. Each member must be a member at the time of the proceeding, including the time of the complained act or omission.
Frequently Asked Questions About Montana § 35-2-1301
What does Montana Code Annotated § 35-2-1301 cover?
Section 35-2-1301 ("Standing") 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 § 35-2-1301?
A common citation format is "Montana Code Annotated § 35-2-1301" (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 § 35-2-1301 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.