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Montana Code Laws for Corporation Sole
Section 35-3:101, Section 35-3:201-209
35-3-101. Short title.
This chapter shall be known and may be cited as the "Montana Religious Corporation Sole Act".
History: En. Sec. 1, Ch. 301, L. 1967; R.C.M. 1947, 15-2401.
35-3-102. Applicability.
The provisions of this chapter shall apply to corporations sole existing on December 31, 1968, or formed in accordance herewith and the Montana Nonprofit Corporation Act shall apply thereto only when not inconsistent with the provisions of this chapter. Foreign corporations sole will likewise be governed by the applicable provisions of the Montana Nonprofit Corporation Act when not inconsistent with the provisions of this chapter.
History: En. Sec. 2, Ch. 301, L. 1967; R.C.M. 1947, 15-2402(part).
35-3-103.
Repeal of prior act not to affect rights accrued or liabilities incurred.
The repeal of a prior act by this chapter shall not affect any right accrued or established or any liability or penalty incurred under the provisions of such act prior to the repeal thereof.History: En. Sec. 12, Ch. 301, L. 1967; R.C.M. 1947, 15-2412.
General Provision for Corporation Sole
35-3-201. When corporation sole may be created.
Whenever the rules or discipline of any religious denomination, society, or church permit or require the estate, property, temporalities, and business thereof to be held in the name of or managed by a bishop, chief priest, or presiding elder, it shall be lawful for such bishop, chief priest, or presiding elder of such religious denomination, society, or church to become a corporation sole in the manner herein prescribed.
History: En. Sec. 3, Ch. 301, L. 1967; R.C.M. 1947, 15-2403.
35-3-202. Articles of incorporation.
(1) The articles of incorporation shall set
forth:
(a) the name of the corporation;
(b) the period of duration, which may be perpetual;
(c) the name of the religious denomination, society, or church creating the
corporation sole;
(d) the name of the bishop, chief priest, or presiding elder whose office
is incorporated under this chapter, together with a designation of the
boundaries of the territory over which he presides or over which his
jurisdiction extends and the facts authorizing such incorporation;
(e) the manner in which any vacancy occurring in the incumbency of such
bishop, chief priest, or presiding elder, as required by the rules or discipline
of such religious denomination, society, or church, shall be filled;
(f) any provisions, not inconsistent with law, which the incorporator
elects to set forth in the articles of incorporation for the regulation of the
internal affairs of the corporation, including any provisions for distribution
of assets on dissolution or final liquidation;
(g) the address of its initial registered office and the name of its
initial registered agent at such address;
(h) the name and address of the incorporator.
(2) It shall not be necessary to set forth in the articles of incorporation
any of the corporate powers enumerated in this chapter.
(3) The articles shall be verified by affidavit of the incorporator, and he
shall also file the original or a copy or translation of his commission,
certificate, or letters of appointment as such bishop, chief priest, or
presiding elder, duly attested, and his affidavit that the same is a true copy
or translation shall be deemed as sufficient attestation thereof.
History: En. Sec. 4, Ch. 301, L. 1967; R.C.M. 1947, 15-2404.
35-3-203. Effect of issuance of certificate of incorporation.
(1) Upon filing the articles of incorporation in
the office of the secretary of state with proof of appointment or election of
such bishop, chief priest, or presiding elder, the secretary of state must issue
to the corporation over the great seal of the state a certificate of
incorporation.
(2) Upon the issuance of this certificate, the corporate existence shall
begin and such certificate of incorporation shall be conclusive evidence that
all conditions precedent required to be performed by the incorporator have been
complied with and that the corporation has been incorporated under this chapter,
except as against the state in a proceeding to cancel or revoke the certificate
of incorporation or for involuntary dissolution of the corporation.
History: En. Sec. 5, Ch. 301, L. 1967; R.C.M. 1947, 15-2405.
35-3-204. Unauthorized assumption of corporate powers -- liability.
All persons who assume to act as a corporation hereunder without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as the result thereof.
History: En. Sec. 11, Ch. 301, L. 1967; R.C.M. 1947, 15-2411.
35-3-205. Powers of corporation sole.
Every corporation sole organized under the
provisions of this chapter, for the purpose of the trust hereinafter mentioned,
shall have power:
(1) to continue to exist perpetually by its corporate name unless a limited
period of duration is stated in its articles of incorporation;
(2) to sue and be sued, complain and defend, in its corporate name;
(3) to have a corporate seal which may be altered at pleasure and to use
the same by causing it or a facsimile thereof to be impressed or affixed or in
any other manner reproduced;
(4) to purchase, take, receive, lease, take by gift, devise, or bequest or
otherwise acquire, own, hold, improve, use, and otherwise deal in and with real
or personal property or any interest therein, wherever situated, provided that
all such property shall be in trust for the use, purpose, and benefit of such
religious denomination, society, or church for which and in whose behalf such
corporation sole is organized;
(5) to sell, convey, mortgage, pledge, lease, exchange, transfer, and
otherwise dispose of all or any part of its property and assets;
(6) to lend money to its employees other than its officers and otherwise
assist its employees and officers;
(7) to purchase, take, receive, subscribe for, or otherwise acquire, own,
hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of
and otherwise use and deal in and with shares or other interests in or
obligations of other domestic or foreign corporations, whether for profit or not
for profit, associations, partnerships, or individuals or direct or indirect
obligations of the United States or of any other government, state, territory,
governmental district, or municipality or of any instrumentality thereof;
(8) to make contracts and incur liabilities, borrow money at such rates of
interest as the corporation may determine, issue its notes, bonds, and other
obligations, and secure any of its obligations by mortgage or pledge of all or
any of its property, franchises, and income;
(9) to lend money for its corporate purposes, invest and reinvest its
funds, and take and hold real and personal property as security for the payment
of funds so loaned or invested;
(10) to conduct its affairs, carry on its operations, and have offices and
exercise the powers granted by this chapter in any state, territory, district,
or possession of the United States or in any foreign country;
(11) to elect or appoint officers and agents of the corporation, including
attorneys-in-fact, and to define their duties and fix their compensation;
(12) to make and alter bylaws, not inconsistent with its articles of
incorporation or with the laws of this state, for the administration and
regulation of the affairs of the corporation;
(13) unless otherwise provided in the articles of incorporation, to make
donations for the public welfare or for charitable, religious, scientific, or
educational purposes;
(14) to indemnify any officer or agent or any person who may have served at
its request as an officer or agent or as a director or officer of another
corporation in which it owns shares of capital stock or of which it is a
creditor against claims, liabilities, expenses, and costs necessarily incurred
by him in connection with the defense, compromise, or settlement of any action,
suit, or proceeding, civil or criminal, in which he is made a party by reason of
being or having been such director or officer, except in relation to matters as
to which he shall be adjudged in such action, suit, or proceeding to be liable
for negligence or misconduct in the performance of duty to the corporation; and
to make any other indemnification that shall be authorized by the articles of
incorporation or by any bylaw or resolution promulgated by the incorporator or
his successor;
(15) to pay pensions and retirement benefits and establish pension plans,
pension trusts, insurance plans, and incentive plans for all or any of its
officers and employees;
(16) to cease its corporate activities and surrender its corporate
franchise;
(17) to have and exercise all powers necessary or convenient to effect any
or all of the purposes for which the corporation is organized.
History: En. Sec. 6, Ch. 301, L. 1967; R.C.M. 1947, 15-2406.
35-3-206. Amendment of articles of incorporation.
(1) Whenever any bishop, chief priest, or
presiding elder shall have filed in the office of the secretary of state
articles of incorporation, under the provisions of an act entitled "An Act
Authorizing and Regulating the Incorporation of Sole Corporations and Defining
Their Powers", approved February 27, 1899, or amendments thereto or under this
chapter, such corporation sole may amend its articles of incorporation from time
to time in any and as many respects as may be desired, so long as its articles
of incorporation as amended contain only such provisions as are lawful under
this chapter.
(2) Such articles of amendment shall be promulgated by the incorporator or
his successor by setting forth a statement of the facts authorizing such
amendment and the date upon which said amendment was promulgated, and his
affidavit that the same is a true copy or translation thereof shall be deemed a
sufficient attestation thereof.
History: En. Sec. 10, Ch. 301, L. 1967; R.C.M. 1947, 15-2410.
35-3-207. Succession.
(1) In the event of the death or resignation
from office of any bishop, chief priest, or presiding elder or of his transfer
or removal therefrom by the person or body having the authority to remove him,
his successor in office shall succeed to the powers, rights, and obligations of
the office and shall become vested with the title to the property with like
power and authority over the same and subject to all the legal liabilities and
obligations with reference thereto.
(2) Succession shall be effected when the successor shall file in the
office of the secretary of state the original or a copy or translation of his
commission, certificate, or letters of appointment as such bishop, chief priest,
or presiding elder, duly attested, and his affidavit that the same is a true
copy or translation shall be deemed sufficient attestation thereof.
History: En. Sec. 7, Ch. 301, L. 1967; R.C.M. 1947, 15-2407.
35-3-208. Board of advisors or consultors -- interim powers.
The bishop, chief priest, or presiding elder of the corporation sole created hereby may appoint a board of advisors or consultors consisting of at least four persons of legal age and otherwise qualified according to the rules or discipline of the denomination, society, or church, which board, in addition to its advisory function, shall exercise the powers of the corporation upon the death, resignation, transfer, removal, or deprivation of office of the bishop, chief priest, or presiding elder and which shall elect an administrator to which it may delegate the executive and administrative functions of the corporation during the interim and until the successor bishop, chief priest, or presiding elder is appointed, elected, or qualified according to the rules or discipline of the denomination, society, or church.
History: En. Sec. 8, Ch. 301, L. 1967; amd. Sec. 1, Ch. 113, L. 1977; R.C.M. 1947, 15-2408.
35-3-209. Annual report.
(1) Each corporation, subject to the provisions
of this chapter, shall file within the time and in the manner prescribed by the
Montana Nonprofit Corporation Act, an annual report on forms or in a
computerized format prescribed by the secretary of state, setting forth:
(a) the name of the corporation and the name of the present incumbent chief
corporate officer;
(b) the address of the registered office of the corporation in Montana and
the name of its registered agent in Montana at that address;
(c) the names and respective addresses of the present members of the board
of advisers or consultors of the corporation.
(2) The report must be executed by the chief corporate officer or by an
attorney-in-fact acting under a power of attorney filed with the secretary of
state by the chief corporate officer.
History: En. Sec. 9, Ch. 301, L. 1967; R.C.M. 1947, 15-2409; amd. Sec. 3, Ch. 153, L. 1989.
35-3-210. Registered agent -- registered office.
(1) A corporation sole organized under the
provisions of this chapter shall maintain a corporate office in this state and
shall appoint a resident registered agent.
(2) Unless the registered agent signed the document making the appointment,
the appointment of a registered agent or a successor registered agent on whom
process may be served is not effective until the agent delivers a statement in
writing to the secretary of state accepting the appointment.
History: En. Sec. 16, Ch. 229, L. 1999.
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