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 Directors and Officers (Renumbered and Repealed)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. § 35-1-462 (2026)

Repealed

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 35
  3. CHAPTER 1
  4. Part 4
  5. 35-1-462 Repealed

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 1. MONTANA BENEFIT CORPORATION ACT

Part 4. Directors and Officers (Renumbered and Repealed)

Repealed

35-1-462. Repealed. Secs. 269, 274, Ch. 271, L. 2019.

History: En. Sec. 109, Ch. 368, L. 1991.

Notes of Decisions
Cited in 2 cases, 2011–2018 · leading case: Associated Mgmt. Servs., Inc. v. Ruff, 424 P.3d 571 (Mont. 2018).
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Associated Mgmt. Servs., Inc. v. Ruff, 424 P.3d 571 (Mont. 2018). · cites it 11× “¶45 In contrast, the MBCA provides a remedy for redress of director conflict of interest transactions but the remedy is limited to derivative actions involving director conflict of interest transactions, as narrowly defined by § 35-1-461(2), MCA, and which fall outside of the…”
Warren v. Campbell Farming Corp., 2011 MT 325 (Mont. 2011). · cites it 8× “In turn, § 35-1-462(2), MCA, contains the three mechanisms by which transactions tainted by conflicting interests can nonetheless be immunized from challenge: (2) A director’s conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or…”
— Mont. Code Ann. § 35-1-462(1) — 1 case
Associated Mgmt. Servs., Inc. v. Ruff, 424 P.3d 571 (Mont. 2018). “¶45 In contrast, the MBCA provides a remedy for redress of director conflict of interest transactions but the remedy is limited to derivative actions involving director conflict of interest transactions, as narrowly defined by § 35-1-461(2), MCA, and which fall outside of the…”
— Mont. Code Ann. § 35-1-462(2) — 1 case
Warren v. Campbell Farming Corp., 2011 MT 325 (Mont. 2011). “In turn, § 35-1-462(2), MCA, contains the three mechanisms by which transactions tainted by conflicting interests can nonetheless be immunized from challenge: (2) A director’s conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or…”
— Mont. Code Ann. § 35-1-462(2)(c) — 1 case
Warren v. Campbell Farming Corp., 2011 MT 325 (Mont. 2011). “In turn, § 35-1-462(2), MCA, contains the three mechanisms by which transactions tainted by conflicting interests can nonetheless be immunized from challenge: (2) A director’s conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or…”
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