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6.10.110    STOCK SUBSCRIPTION AGREEMENT--NO DEFAULT OR PENALTY PROVISION

(1) A stock purchase agreement or stock subscription agreement may not contain a default or penalty provision.

History: Sec. 30-10-107, MCA; IMP, Sec. 30-10-105 and 30-10-107, MCA; EMERG, NEW, Eff. 7/5/75; AMD, 1988 MAR p. 1803, Eff. 8/12/88.
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