Upon demand of a majority of the entire board of directors, any matter that has been approved or passed by the board must be referred to the entire membership or the stockholders for a decision at the next special or regular meeting. However, a special meeting may be called for the purpose.
Mont. Code Ann. § 35-17-314
Referendum to membership of matters passed by board
Known as the Cooperative Marketing Act
The act spans §§ 35–35 (40 sections).
En
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.