32-1-901. Definitions. For purposes of this part, the following definitions shall apply:
(1) "Board member" means a member of the board of directors of the institution.
(2) "Cease and desist order which has become final" and "order which has become final" mean a cease and desist order or an order issued by the director with the consent of the institution or the board member, officer, or other person concerned, with respect to which:
(a) a timely petition for review of the action of the director has not been filed in a district court as specified in 32-1-908(2); or
(b) the action of the court in which a petition for review has been filed is not subject to further review by the courts of the state.
(3) "Director" means the director of the department of administration.
(4) "Institution" means a commercial bank, savings bank, trust company, or investment company chartered under Title 32, chapter 1.
(5) "Violation" includes without limitation any action, alone or with others, causing, counseling, aiding, or abetting a violation.
History: En. Sec. 1, Ch. 76, L. 1979; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 79, Ch. 483, L. 2001.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 1. Banks and Trust Companies
Part 9. Removal of Directors or Officers of Financial Institutions
32-1-902. Notice of charges -- hearing -- cease and desist order -- effective date
32-1-903. Informal conferences -- time for application
32-1-906. Informal conferences -- time for application
32-1-907. Suspension or prohibition effective upon service -- stay
32-1-908. Felony charges -- suspension or prohibition
32-1-909. Board of directors -- lack of quorum -- temporary board members
32-1-910. Hearings -- decision -- review, modification, termination or stay of orders
32-1-911. Notices and orders -- manner of service -- copies to federal authorities
32-1-912. Enforcement of notices or orders