Montana Title 35. Corporations, Partnerships, and Associations § 35-15-404. Share exempt from attachment and execution--sale upon death of member

(1) The share, not exceeding the par value of $500, of each member is exempt from seizure on attachment or sale under execution.

(2) Upon a member's death, the share must be sold by the association and the proceeds, after deducting all liabilities to the association, must be delivered to the deceased member's heirs.