Montana § 35-2-720 - Dissolution By Incorporators Or Directors And Third Persons
Full text of Montana Montana Code Annotated § 35-2-720 — Dissolution By Incorporators Or Directors And Third Persons, with citation guidance and answers to common questions.
§ 35-2-720. Dissolution By Incorporators Or Directors And Third Persons
Dissolution by incorporators or directors and third persons. (1) A majority of the incorporators or directors of a corporation that does not have members may, subject to any approval required by the articles or bylaws, dissolve the corporation by delivering to the secretary of state articles of dissolution. (2) The corporation shall give notice of any meeting at which dissolution will be approved. The notice must be in accordance with 35-2-429 (3). The notice must also state that the purpose or one of the purposes of the meeting is to consider dissolution of the corporation. (3) In approving dissolution, the incorporators or directors shall adopt a plan of dissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been paid. (4) In addition to the requirements under this part, a domestic mutual insurer shall comply with the provisions of Title 33, chapter 3, part 6.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-2-720
What does Montana Code Annotated § 35-2-720 cover?
Section 35-2-720 ("Dissolution By Incorporators Or Directors And Third Persons") 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 § 35-2-720?
A common citation format is "Montana Code Annotated § 35-2-720" (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 § 35-2-720 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.