32-11-221. Limitation to purposes of business. Financing assistance and management assistance provided by a licensee to a business may be only for the business purposes of the business.
History: En. Sec. 22, Ch. 411, L. 2007.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 11. Business and Industrial Development Corporations
Part 2. Licensure Procedures -- Board of Directors
32-11-201. Application procedure
32-11-202. Requisite net worth
32-11-203. Fees -- special revenue account
32-11-204. Criteria for directors, officers, and controlling persons
32-11-205. Determination of likelihood of future noncompliance
32-11-206. Denial of application
32-11-207. License -- display -- transfer or assignment -- surrender
32-11-208. Corporate name and representation of status
32-11-213. and 32-11-214 reserved
32-11-216. Notice of officer and director changes
32-11-217. Business of licensee -- general powers
32-11-218. Financing assistance allowed -- forms, terms, conditions
32-11-219. Participation in government programs
32-11-220. Scope of management assistance
32-11-221. Limitation to purposes of business
32-11-222. Control of other businesses
32-11-223. Control of assisted business