This bill aims to revise cooperative laws in Montana by establishing rights, exemptions, and privileges for out-of-state cooperative associations. It amends several sections of the Montana Code Annotated (MCA), including provisions that clarify the definitions of terms such as "association" and "out-of-state," and allows for the inclusion of out-of-state entities in cooperative associations if they comply with state requirements. Notably, the bill specifies that associations may be for-profit or not-for-profit, and it introduces a new section that grants out-of-state entities the same rights and privileges as local cooperatives, provided they are authorized to conduct business in Montana.

Key amendments include the removal of the requirement for associations to be considered nonprofit, allowing for-profit cooperatives, and the addition of provisions that require out-of-state entities to disclose their jurisdiction of formation when filing articles of incorporation. The bill also mandates that the Secretary of State notify federally recognized tribal governments in Montana about the new regulations. Overall, the legislation seeks to modernize cooperative laws and facilitate the participation of out-of-state cooperatives in Montana's economy.

Statutes affected:
LC Text: 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(1): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(2): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(3): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(4): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(5): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(6): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1(7): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_1: 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(1): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(10): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(2): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(3): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(4): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(5): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(6): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(7): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(8): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2(9): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_2: 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X(1): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X(2): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X(3): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X(4): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X(5): 2-15-401, 35-17-103, 35-17-104, 35-17-202
SB0200_X: 2-15-401, 35-17-103, 35-17-104, 35-17-202