Montana Code 35-17-303. Limited liability of members
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35-17-303. Limited liability of members. Except for debts lawfully contracted between a member and the association, a member is not liable for the debts of the association for an amount exceeding the sum remaining unpaid on the member’s membership fee or subscription to the capital stock, including any unpaid balance on any promissory notes given in payment of the subscription.
Terms Used In Montana Code 35-17-303
- subscription: includes the mark of a person who cannot write if the person's name is written near the mark by another person who also signs that person's own name as a witness. See Montana Code 1-1-203