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2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 1. Business Corporations
Part 5. Shareholders(Repealed effective June 1, 2020)
35-1-550. Number of shareholders
Universal Citation: MT Code § 35-1-550 (2019)
35-1-550. (Temporary) Number of shareholders. (1) For purposes of Title 35, chapter 9, the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one shareholder:
(a) three or fewer co-owners;
(b) a corporation, partnership, trust, estate, or other entity; or
(c) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(2) For purposes of Title 35, chapter 9, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person. (Repealed effective June 1, 2020--secs. 269, 274, Ch. 271, L. 2019.)
History: En. Sec. 180, Ch. 368, L. 1991.
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