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Mont. Code § 35-9-306 : CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS — MONTANA CLOSE CORPORATION ACT — REGULATION AND OPERATION —9-306 - Limited liability

The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.

§ 35-9-306, MCA

En. Sec. 17, Ch. 432, L. 1987.