Montana § 35-2-132 - Ultra Vires
Full text of Montana Montana Code Annotated § 35-2-132 — Ultra Vires, with citation guidance and answers to common questions.
§ 35-2-132. Ultra Vires
Ultra vires. (1) Except as provided in subsection (2), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. (2) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act when a third party has not acquired rights. The proceeding may be brought by the attorney general, by a director, or by a member or members in a derivative proceeding. (3) (a) A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee, or agent of the corporation. (b) The proceeding may be brought: (i) by a director; (ii) by the corporation, directly, derivatively, or through a receiver, a trustee, or other legal representative; or (iii) in the case of a public benefit corporation, by the attorney general.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-2-132
What does Montana Code Annotated § 35-2-132 cover?
Section 35-2-132 ("Ultra Vires") 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 § 35-2-132?
A common citation format is "Montana Code Annotated § 35-2-132" (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 § 35-2-132 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.