Montana § 35-8-903 - Winding Up
Full text of Montana Montana Code Annotated § 35-8-903 — Winding Up, with citation guidance and answers to common questions.
§ 35-8-903. Winding Up
Winding up. (1) Except as otherwise provided in the articles of organization or the operating agreement, the business or affairs of the limited liability company may be wound up: (a) by the members or managers who have authority under 35-8-304 to manage the limited liability company prior to dissolution; or (b) if one or more of the members or managers have engaged in wrongful conduct or upon other cause shown, by the district court on application of any member or any member's legal representative or assignee. (2) The persons winding up the business or affairs of the limited liability company may, in the name of and for and on behalf of the limited liability company: (a) prosecute and defend suits; (b) settle and close the business of the limited liability company; (c) dispose of and transfer the property of the limited liability company; (d) discharge the liabilities of the limited liability company; and (e) distribute to the members any remaining assets of the limited liability company.
Frequently Asked Questions About Montana § 35-8-903
What does Montana Code Annotated § 35-8-903 cover?
Section 35-8-903 ("Winding Up") 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 § 35-8-903?
A common citation format is "Montana Code Annotated § 35-8-903" (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 § 35-8-903 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.