Montana § 35-9-403 - Effect Of Termination Of Statutory Close Corporation Status
Full text of Montana Montana Code Annotated § 35-9-403 — Effect Of Termination Of Statutory Close Corporation Status, with citation guidance and answers to common questions.
§ 35-9-403. Effect Of Termination Of Statutory Close Corporation Status
Effect of termination of statutory close corporation status. (1) A corporation that terminates its status as a statutory close corporation is thereafter subject to all provisions of the Montana Business Corporation Act or, if incorporated under the Montana Professional Corporation Act, to all provisions of that act. (2) Termination of statutory close corporation status does not affect any right of a shareholder or of the corporation under an agreement or the articles of incorporation unless this chapter, the Montana Business Corporation Act, or another law of this state invalidates the right.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-9-403
What does Montana Code Annotated § 35-9-403 cover?
Section 35-9-403 ("Effect Of Termination Of Statutory Close Corporation Status") 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 § 35-9-403?
A common citation format is "Montana Code Annotated § 35-9-403" (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 § 35-9-403 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.