Mont. Code Ann. § 35-2-1402
This is the official text of Mont. Code Ann. § 35-2-1402, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
35-2-1402 Authorized distributions
Official statutory text
35-2-1402 . Authorized distributions. (1) A mutual benefit corporation may purchase its memberships if after the purchase is completed:
(a) the corporation would be able to pay its debts as they become due in the usual course of its activities; and
(b) the corporation's total assets would at least equal the sum of its total liabilities.
(2) Corporations may make distributions upon dissolution in conformity with part 7 of this chapter.
(a) the corporation would be able to pay its debts as they become due in the usual course of its activities; and
(b) the corporation's total assets would at least equal the sum of its total liabilities.
(2) Corporations may make distributions upon dissolution in conformity with part 7 of this chapter.
Status: in_force · Read it on the official government site
Need a lawyer in Montana?
Find a Montana lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.