Mont. Code Ann. § 33-2-1357
This is the official text of Mont. Code Ann. § 33-2-1357, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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33-2-1357 Personal liability
Official statutory text
33-2-1357 . Personal liability. (1) Every officer, manager, employee, shareholder, member, subscriber, attorney, or any other person acting on behalf of the insurer who knowingly participates in giving any preference when the individual has reasonable cause to believe the insurer is or is about to become insolvent at the time of the preference is personally liable to the liquidator for the amount of the preference. It is permissible to infer that there is reasonable cause to so believe if the transfer was made within 4 months before the date of filing of a successful petition for liquidation.
(2) Every person receiving any property from the insurer or the benefit of the property as a preference voidable under 33-2-1353 (1) is personally liable and is bound to account to the liquidator.
(3) This section does not prejudice any other claim by the liquidator against any person.
(2) Every person receiving any property from the insurer or the benefit of the property as a preference voidable under 33-2-1353 (1) is personally liable and is bound to account to the liquidator.
(3) This section does not prejudice any other claim by the liquidator against any person.
Status: in_force · Read it on the official government site
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