Montana Code 27-1-732. Immunity of nonprofit corporation officers, directors, and volunteers
27-1-732. Immunity of nonprofit corporation officers, directors, and volunteers. (1) An officer, director, or volunteer of a nonprofit corporation is not individually liable for any action or omission made in the course and scope of the officer’s, director’s, or volunteer’s official capacity on behalf of the nonprofit corporation. This section does not apply to liability for willful or wanton misconduct. The immunity granted by this section does not apply to the liability of a nonprofit corporation.
Terms Used In Montana Code 27-1-732
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2)For purposes of this section, “nonprofit corporation” means:
(a)an organization exempt from taxation under section 501(c) of the Internal Revenue Code, 26 U.S.C. § 501(c), as amended; or
(b)a corporation or organization that is eligible for or has been granted tax-exempt status by the department of revenue under the provisions of 15-31-102.