32-2-1217. Violation of notice or final order -- penalties. Any present or former board member or officer of an institution or any other person against whom an outstanding and effective notice or final order has been served pursuant to 32-2-1205, 32-2-1207, or 32-2-1208 is subject to the penalties in 32-2-607(5) if the individual:
(1) participates in any manner in the conduct of the affairs of the institution;
(2) directly or indirectly solicits, procures, transfers, or attempts to transfer votes or attempts to vote any proxies, consents, or authorizations in respect to any voting rights in the institution; or
(3) without the prior written approval of the commissioner, votes for a board member or serves as a board member, officer, or employee of the institution.
History: En. Sec. 135, Ch. 431, L. 2021.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 2. Mutual Savings and Loan Associations
Part 12. Removal of Directors or Officers
32-2-1202. Notice of charges -- hearing -- cease and desist order -- effective date
32-2-1203. Informal conferences -- time for application
32-2-1206. Informal conferences -- time for application
32-2-1207. Suspension or prohibition effective on service -- stay
32-2-1208. Felony charges -- suspension or prohibition
32-2-1209. through 32-2-1212 reserved
32-2-1213. Board of directors -- lack of quorum -- temporary board members
32-2-1214. Hearings -- decision -- review, modification, termination, or stay of orders
32-2-1215. Notices and orders -- manner of service -- copies to federal authorities