35-8-915. Ambiguity in operating agreement regarding dissolution, MCA

Montana Code Annotated 2025

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 8. MONTANA LIMITED LIABILITY COMPANY ACT

Part 9. Dissolution

Ambiguity In Operating Agreement Regarding Dissolution

35-8-915. Ambiguity in operating agreement regarding dissolution. If there is an ambiguity in an operating agreement between a construction in favor of maintaining the existence of a limited liability company or in favor of the dissolution of a limited liability company, the operating agreement must be construed in favor of maintaining the existence of the limited liability company.

History: En. Sec. 3, Ch. 749, L. 2025.