Corporation's acquisition of its own shares
Known as the Montana Business Corporation Act
The act spans §§ 35–35 (243 sections).
En
(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.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.