Mont. Code Ann. § 35-14-631 – Corporation's acquisition of its own shares | Midpage

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Montana Code Annotated

§ 35-14-631

Mont. Code Ann. § 35-14-631

Corporation's acquisition of its own shares

En. Sec. 59, Ch. 271, L. 2019.

(1) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
(2) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.

History: En. Sec. 59, Ch. 271, L. 2019.