Mont. Code § 35-4-303

Current through the 2023 Regular Session
Section 35-4-303 - Proxies and voting trusts

No proxy for shares of a professional corporation is valid unless given to a qualified person. A voting trust for shares of a professional corporation is invalid unless all trustees and beneficiaries are qualified persons, except that a voting trust is valid for 10 months after the death of a deceased beneficiary or for 5 months after a beneficiary has become a disqualified person.

§ 35-4-303, MCA

En. Sec. 18, Ch. 399, L. 1983.