A professional corporation may purchase its own shares from a disqualified person without regard to the availability of capital or surplus for such purchase; however, no purchase of or payment for its own shares may be made at a time when the corporation is insolvent or if purchase or payment would make it insolvent.
Mont. Code Ann. § 35-4-302
Corporation's right to acquire its own shares
Known as the Montana Professional Corporation Act
The act spans §§ 35–35 (43 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.