32-2-705. Reliance on order -- limit on liability. (1) A person acting in good faith reliance on a rule, order, or declaratory statement issued by the division is not subject to any criminal, civil, or administrative liability for the action if a subsequent decision by a court of competent jurisdiction invalidates the rule, order, or declaratory statement.
(2) In the case of an order or declaratory statement that is not of general application, only the person to whom the order or declaratory statement was issued is entitled to rely on it unless a third person is dealing with material facts or circumstances that are substantially the same as those on which the order or declaratory statement was based.
History: En. Sec. 10, Ch. 431, L. 2021.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 2. Mutual Savings and Loan Associations
Part 7. Department Responsibility
32-2-701. Examination and supervision by department -- duties -- rulemaking
32-2-702. Payments by mutual associations
32-2-703. Examination -- request of directors
32-2-704. Department rulemaking
32-2-705. Reliance on order -- limit on liability
32-2-706. Reports to department
32-2-707. Special reports to department
32-2-708. and 32-2-709 reserved