1. MCA Contents
  2. TITLE 35
  3. CHAPTER 15
  4. Part 2
  5. 35-15-202 Limit on subscription or control of common stock -- one share per person

Montana Code Annotated 2017

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 15. COOPERATIVE ASSOCIATIONS

Part 2. Formation -- Articles of Incorporation -- Bylaws

Limit On Subscription Or Control Of Common Stock -- One Share Per Person

35-15-202. Limit on subscription or control of common stock -- one share per person. No person shall be permitted to subscribe for or control or own more or less than one share of the common stock of such association.

History: En. Sec. 871, Civ. C. 1895; re-en. Sec. 4211, Rev. C. 1907; re-en. Sec. 6376, R.C.M. 1921; amd. Sec. 1, Ch. 135, L. 1933; re-en. Sec. 6376, R.C.M. 1935; R.C.M. 1947, 14-202.