32-2-1105. Examinations by corporation. (1) The department may accept, in its discretion, in place of any examination authorized by the laws of this state to be conducted of a savings institution by the department, the examination made of the savings institution within a reasonable period by the federal deposit insurance corporation if a signed copy of the examination is furnished to the department.
(2) The department may also, in its discretion, accept a report relative to the condition of a savings institution obtained by the corporation within a reasonable period, in place of a report authorized by the laws of this state to be required of the savings institution by the department, if a copy of the report is furnished to the department.
(3) The department may, in its discretion, disclose to the corporation, or an official or examiner of the corporation, any information possessed by the department with reference to the conditions or affairs of an insured savings institution. The department may furnish to the corporation or to an official examiner of the corporation a copy or copies of any examinations made of those savings institutions and of any reports made by them.
History: En. Sec. 121, Ch. 431, L. 2021.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 2. Mutual Savings and Loan Associations
Part 11. Federal Deposit Insurance Corporation
32-2-1101. Definition of savings institution
32-2-1102. Savings institutions empowered to receive federal deposit insurance corporation aid
32-2-1103. Appointment of corporation as agent in liquidation
32-2-1104. Subrogation of corporation
32-2-1105. Examinations by corporation
32-2-1106. Closed savings institutions empowered to borrow from corporation