Rule 6.10.206

Admin. R. Mont. 6.10.206

Stock Subscription Agreement--no Default or Penalty Provision

Effective Sep 26, 2008Authorizing statute(s): 30-10-107, MCA; Implementing statute(s): 30-10-105, 30-10-107, MCAState of Montana

(1) A stock purchase agreement or stock subscription agreement may not contain a default or penalty provision.

Authorizing statute(s): 30-10-107, MCA

Implementing statute(s): 30-10-105, 30-10-107, MCA

History: EMERG, NEW, Eff. 7/5/75; AMD, 1988 MAR p. 1803, Eff. 8/12/88; TRANS, from ARM 6.10.110, 2008 MAR p. 2046, Eff. 9/26/08.