32-1-201. State banking board -- secretary -- meetings -- per diem. (1) The state banking board, created in 2-15-1025, shall elect a secretary from its members to serve at the pleasure of the board.
(2) In performing its functions, the board shall have use of the offices, equipment, and personnel of the department as it requires.
(3) The board shall hold meetings at the office of the department at dates and times set by the department. Special meetings may be called by the presiding officer at any time upon 3 days' notice to the members.
(4) A quorum for all meetings is a majority of the board members, and a majority of the quorum present at any meeting may take action.
(5) A board member may be removed by the governor without cause in any case.
(6) The board members shall receive compensation and travel expenses in the same manner and amount as provided for in 37-1-133 for boards allocated to the department of administration. The costs and expenses of the board are legitimate charges of the department.
History: En. Sec. 3, Ch. 420, L. 1973; amd. Sec. 11, Ch. 71, L. 1977; amd. Sec. 2, Ch. 453, L. 1977; R.C.M. 1947, 5-609; amd. Sec. 3, Ch. 274, L. 1981; amd. Sec. 6, Ch. 474, L. 1981; amd. Sec. 1, Ch. 9, L. 1987; amd. Sec. 7, Ch. 395, L. 1993; amd. Sec. 76, Ch. 483, L. 2001.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 1. Banks and Trust Companies
Part 2. Functions of State Banking Board and Department of Administration
32-1-201. State banking board -- secretary -- meetings -- per diem
32-1-202. Powers and duties of board
32-1-203. Rules adopted by board -- new banks
32-1-205. Board rules for discovery and hearing procedures
32-1-206. Disqualification of board member -- when
32-1-207. through 32-1-210 reserved
32-1-212. Conflicts of interest -- definition -- rulemaking
32-1-213. Payments to be made by banks, investment companies, and trust companies
32-1-214. Special examination defined
32-1-215. Special examinations and fees -- report within 120 days
32-1-216. Examination at request of directors
32-1-218. Department to make rules
32-1-219. Reliance on order -- limit on liability
32-1-220. Access to holding companies and affiliated entities
32-1-221. Regional banking organizations -- department authority
32-1-222. Loan production office -- rulemaking authority
32-1-223. through 32-1-230 reserved
32-1-231. Reports to department
32-1-232. Report of declaration of dividend
32-1-233. Special reports to department