Mont. Code Ann. » TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · CHAPTER 1. MONTANA BENEFIT CORPORATION ACT · Part 4. Directors and Officers (Renumbered and Repealed)
Montana Code Annotated

Mont. Code Ann. § 35-1-414 (2026)

Repealed

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 35
  3. CHAPTER 1
  4. Part 4
  5. 35-1-414 Repealed

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 1. MONTANA BENEFIT CORPORATION ACT

Part 4. Directors and Officers (Renumbered and Repealed)

Repealed

35-1-414. Repealed. Sec. 216, Ch. 368, L. 1991.

History: En. Sec. 4, Ch. 475, L. 1981.

Notes of Decisions
Cited in 1 case, 1987–1987 · leading case: Am. Cas. Co. of Reading v. Bank of Montana Sys., 675 F. Supp. 538 (D. Minnesota 1987).
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Am. Cas. Co. of Reading v. Bank of Montana Sys., 675 F. Supp. 538 (D. Minnesota 1987). “) As a Montana corporation the extent to which BMS can indemnify its directors and officers is controlled by the Montana Business Corporations Act, Mont. Code Ann. § 35-1-414 . It would be highly inefficient and unfair to expect the insured to have to relitigate the scope and…”
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