Montana Code Annotated
Part 2. Functions of State Banking Board and Department of Administration
32-1-203. Rules adopted by board -- new banks

32-1-203. Rules adopted by board -- new banks. The board may adopt rules necessary for the administration of 32-1-201 through 32-1-206 in accordance with the Montana Administrative Procedure Act. In particular, the board shall adopt rules concerning the authorization of new banks organized under the laws of this state. Rules must contain minimum standards under which an application for a new bank must be determined, including the following:
(1) a persuasive showing that there is a reasonable public necessity and demand for a new bank at the proposed location;
(2) that the bank will be owned and managed by persons of good moral character and financial integrity and will be safely and soundly operated;
(3) a persuasive showing that the new bank will have a sufficient volume of business to ensure solvency and that establishment of the new bank organized under the laws of this state will be in the public interest.
History: En. Sec. 5, Ch. 420, L. 1973; amd. Sec. 23, Ch. 431, L. 1975; amd. Sec. 13, Ch. 71, L. 1977; R.C.M. 1947, 5-611; amd. Sec. 3, Ch. 322, L. 1989; amd. Sec. 4, Ch. 117, L. 1997.

Structure Montana Code Annotated

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

32-1-204. Hearings -- notice

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

32-1-211. Examination and supervision by department -- division of banking and financial institutions -- commissioner -- rulemaking

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

32-1-217. Repealed

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

32-1-234. Confidentiality -- penalties

32-1-235. Repealed

32-1-236. False statements and entries considered felony