Montana Code Annotated
Title 32. Financial Institutions

32-1-115. Student financial institution defined -- obligations of minor -- applicability of laws - 32-1-115. Student financial institution defined -- obligations of minor --...

Part 2. Functions of State Banking Board and Department of Administration

32-1-201. State banking board -- secretary -- meetings -- per diem - 32-1-201. State banking board -- secretary -- meetings -- per...

32-1-202. Powers and duties of board - 32-1-202. Powers and duties of board. The board shall: (1)...

32-1-203. Rules adopted by board -- new banks - 32-1-203. Rules adopted by board -- new banks. The board...

32-1-204. Hearings -- notice - 32-1-204. Hearings -- notice. (1) (a) A hearing must be...

32-1-205. Board rules for discovery and hearing procedures - 32-1-205. Board rules for discovery and hearing procedures. (1) The...

32-1-206. Disqualification of board member -- when - 32-1-206. Disqualification of board member -- when. A board member...

32-1-207. through 32-1-210 reserved - 32-1-207 through 32-1-210 reserved.

32-1-211. Examination and supervision by department -- division of banking and financial institutions -- commissioner -- rulemaking - 32-1-211. Examination and supervision by department -- division of banking...

32-1-212. Conflicts of interest -- definition -- rulemaking - 32-1-212. Conflicts of interest -- definition -- rulemaking. (1) The...

32-1-213. Payments to be made by banks, investment companies, and trust companies - 32-1-213. Payments to be made by banks, investment companies, and...

32-1-214. Special examination defined - 32-1-214. Special examination defined. A special examination is an examination...

32-1-215. Special examinations and fees -- report within 120 days - 32-1-215. Special examinations and fees -- report within 120 days....

32-1-216. Examination at request of directors - 32-1-216. Examination at request of directors. When requested in writing,...

32-1-217. Repealed - 32-1-217. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-218. Department to make rules - 32-1-218. Department to make rules. (1) The department may promulgate...

32-1-219. Reliance on order -- limit on liability - 32-1-219. Reliance on order -- limit on liability. A person...

32-1-220. Access to holding companies and affiliated entities - 32-1-220. Access to holding companies and affiliated entities. The division...

32-1-221. Regional banking organizations -- department authority - 32-1-221. Regional banking organizations -- department authority. (1) Notwithstanding 32-1-211(2)(b),...

32-1-222. Loan production office -- rulemaking authority - 32-1-222. Loan production office -- rulemaking authority. (1) A bank...

32-1-223. through 32-1-230 reserved - 32-1-223 through 32-1-230 reserved.

32-1-231. Reports to department - 32-1-231. Reports to department. (1) A bank shall make to...

32-1-232. Report of declaration of dividend - 32-1-232. Report of declaration of dividend. In addition to the...

32-1-233. Special reports to department - 32-1-233. Special reports to department. In addition to the information...

32-1-234. Confidentiality -- penalties - 32-1-234. Confidentiality -- penalties. (1) (a) Reports and statements under...

32-1-235. Repealed - 32-1-235. Repealed. Sec. 6, Ch. 12, L. 2015. History: En....

32-1-236. False statements and entries considered felony - 32-1-236. False statements and entries considered felony. Every officer or...

Part 3. Formation and Reorganization

32-1-301. Organization and incorporation -- articles of incorporation - 32-1-301. Organization and incorporation -- articles of incorporation. (1) A...

32-1-302. Incorporation - 32-1-302. Incorporation. (1) The proposed articles of incorporation must be...

32-1-303. Board to refuse or approve application - 32-1-303. Board to refuse or approve application. The board may...

32-1-304. Repealed - 32-1-304. Repealed. Sec. 2, Ch. 79, L. 1979. History: En....

32-1-305. Repealed - 32-1-305. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-306. Repealed - 32-1-306. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-307. Amount of capital - 32-1-307. Amount of capital. The division, in consultation with the...

32-1-308. Bylaws - 32-1-308. Bylaws. The bylaws must be certified by a majority...

32-1-309. through 32-1-320 reserved - 32-1-309 through 32-1-320 reserved.

32-1-321. Calling of first meeting -- cancellation of certificate - 32-1-321. Calling of first meeting -- cancellation of certificate. When...

32-1-322. Board of directors -- qualifications, tenure, and vacancies - 32-1-322. Board of directors -- qualifications, tenure, and vacancies. (1)...

32-1-323. Repealed - 32-1-323. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-324. Repealed - 32-1-324. Repealed. Sec. 3, Ch. 24, L. 1989. History: En....

32-1-325. Selection of officers and employees -- minutes of meetings - 32-1-325. Selection of officers and employees -- minutes of meetings....

32-1-326. through 32-1-330 reserved - 32-1-326 through 32-1-330 reserved.

32-1-331. Repealed - 32-1-331. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-332. Repealed - 32-1-332. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-333. Repealed - 32-1-333. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-334. Repealed - 32-1-334. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-335. Purchase or loan of own capital stock prohibited -- exception - 32-1-335. Purchase or loan of own capital stock prohibited --...

32-1-336. Repealed - 32-1-336. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-337. Repealed - 32-1-337. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-338. Repealed - 32-1-338. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-339. Right of examination by stockholder - 32-1-339. Right of examination by stockholder. A stockholder of a...

32-1-340. Conversion of surplus and undivided profits to capital stock - 32-1-340. Conversion of surplus and undivided profits to capital stock....

32-1-341. through 32-1-350 reserved - 32-1-341 through 32-1-350 reserved.

32-1-351. Repealed - 32-1-351. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-352. Repealed - 32-1-352. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-353. Repealed - 32-1-353. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-354. Repealed - 32-1-354. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-355. Repealed - 32-1-355. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-356. Repealed - 32-1-356. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-357. through 32-1-360 reserved - 32-1-357 through 32-1-360 reserved.

32-1-361. Change from state to national bank - 32-1-361. Change from state to national bank. (1) A bank...

32-1-362. National bank powers extended to state banks - 32-1-362. National bank powers extended to state banks. (1) A...

32-1-363. Surrender of charter by state bank - 32-1-363. Surrender of charter by state bank. (1) Any bank...

32-1-364. Increase or reduction of capital stock - 32-1-364. Increase or reduction of capital stock. The directors of...

32-1-365. Certificate of change to national bank - 32-1-365. Certificate of change to national bank. (1) When any...

32-1-366. through 32-1-369 reserved - 32-1-366 through 32-1-369 reserved.

32-1-370. Interstate merger of banks -- interstate agreements - 32-1-370. Interstate merger of banks -- interstate agreements. (1) A...

32-1-371. Merger of banks - 32-1-371. Merger of banks. (1) (a) Any two or more...

32-1-372. Branch bank - 32-1-372. Branch bank. (1) A bank may establish and maintain...

32-1-373. Banks may join federal reserve bank - 32-1-373. Banks may join federal reserve bank. Any bank is...

32-1-374. Conversion of national bank to state bank - 32-1-374. Conversion of national bank to state bank. (1) A...

32-1-375. Prohibition of acquisition -- exception - 32-1-375. Prohibition of acquisition -- exception. (1) Notwithstanding any other...

32-1-376. Sale of branch bank - 32-1-376. Sale of branch bank. Any bank may, with the...

32-1-377. Agreement of purchase and sale - 32-1-377. Agreement of purchase and sale. (1) The selling and...

32-1-378. Bank acquisition or control -- notice or application -- registration statement -- violations -- penalties - 32-1-378. Bank acquisition or control -- notice or application --...

32-1-379. Bank acquisition or control -- disapproval by department -- change of officers - 32-1-379. Bank acquisition or control -- disapproval by department --...

32-1-380. Rulemaking - 32-1-380. Rulemaking. The department may adopt rules to implement 32-1-378...

32-1-381. Repealed - 32-1-381. Repealed. Sec. 30, Ch. 75, L. 2019. History: En....

32-1-382. Repealed - 32-1-382. Repealed. Sec. 14, Ch. 49, L. 2013. History: En....

32-1-383. Repealed - 32-1-383. Repealed. Sec. 30, Ch. 75, L. 2019. History: En....

32-1-384. Federal applications -- comments - 32-1-384. Federal applications -- comments. (1) A bank holding company...

Part 4. Operation and Regulation

32-1-401. Bank advertising before issuance of charter - 32-1-401. Bank advertising before issuance of charter. It shall be...

32-1-402. When advertising as bank prohibited -- trade names restricted - 32-1-402. When advertising as bank prohibited -- trade names restricted....

32-1-403. Penalty for transacting business without certificate - 32-1-403. Penalty for transacting business without certificate. (1) A person,...

32-1-404. through 32-1-410 reserved - 32-1-404 through 32-1-410 reserved.

32-1-411. Extent assets may be pledged - 32-1-411. Extent assets may be pledged. No bank, banker, or...

32-1-412. Limits on excessive borrowing - 32-1-412. Limits on excessive borrowing. The department may prevent excessive...

32-1-413. Borrowing money for capital purposes -- status of capital - 32-1-413. Borrowing money for capital purposes -- status of capital....

32-1-414. No certificate of deposit to issue for borrowed money - 32-1-414. No certificate of deposit to issue for borrowed money....

32-1-415. through 32-1-419 reserved - 32-1-415 through 32-1-419 reserved.

32-1-420. Investment by trust fiduciary in management investment company or investment trust - 32-1-420. Investment by trust fiduciary in management investment company or...

32-1-421. Investment of capital of savings banks - 32-1-421. Investment of capital of savings banks. (1) The term...

32-1-422. Restriction on investment in corporate stock -- rulemaking authority - 32-1-422. Restriction on investment in corporate stock -- rulemaking authority....

32-1-423. Real estate that banks may purchase, hold, or convey - 32-1-423. Real estate that banks may purchase, hold, or convey....

32-1-424. Investments of financial institutions - 32-1-424. Investments of financial institutions. (1) Notwithstanding other provisions of...

32-1-425. Definitions - 32-1-425. Definitions. For the purposes of 32-1-426 and 32-1-427, unless...

32-1-426. Deposit of securities in central depository - 32-1-426. Deposit of securities in central depository. (1) Notwithstanding any...

32-1-427. Fiduciaries -- deposit of securities with a federal reserve bank - 32-1-427. Fiduciaries -- deposit of securities with a federal reserve...

32-1-428. reserved - 32-1-428 reserved.

32-1-429. Insurance activities -- exemption -- rulemaking - 32-1-429. Insurance activities -- exemption -- rulemaking. (1) A bank...

32-1-430. Authority of state banks to make real estate loans -- borrower insurance requirements - 32-1-430. Authority of state banks to make real estate loans...

32-1-431. Repealed - 32-1-431. Repealed. Sec. 50, Ch. 395, L. 1993. History: En....

32-1-432. Limitations on loans -- rulemaking - 32-1-432. Limitations on loans -- rulemaking. (1) (a) The total...

32-1-433. Investment in certain securities -- rulemaking authority - 32-1-433. Investment in certain securities -- rulemaking authority. (1) A...

32-1-434. Financial institutions authorized to obtain insurance and make loans when approved by federal housing administrator - 32-1-434. Financial institutions authorized to obtain insurance and make loans...

32-1-435. Federal housing securities eligible collateral - 32-1-435. Federal housing securities eligible collateral. Wherever collateral must or...

32-1-436. Repealed - 32-1-436. Repealed. Sec. 2, Ch. 9, L. 1983. History: En....

32-1-437. Acceptance and issuance of drafts -- rulemaking authority - 32-1-437. Acceptance and issuance of drafts -- rulemaking authority. (1)...

32-1-438. and 32-1-439 reserved - 32-1-438 and 32-1-439 reserved.

32-1-440. Financial institution's responsibility to provide notice when funds become available for withdrawal - 32-1-440. Financial institution's responsibility to provide notice when funds become...

32-1-441. Certified checks - 32-1-441. Certified checks. (1) Whenever a check drawn on any...

32-1-442. Repealed - 32-1-442. Repealed. Sec. 134, Ch. 494, L. 1993. History: En....

32-1-443. Repealed - 32-1-443. Repealed. Sec. 134, Ch. 494, L. 1993. History: En....

32-1-444. Deposit in name of minor - 32-1-444. Deposit in name of minor. Whenever any deposit shall...

32-1-445. Demand or time deposits - 32-1-445. Demand or time deposits. Demand deposits, within the meaning...

32-1-446. Safe deposit department - 32-1-446. Safe deposit department. A bank may conduct a safe...

32-1-447. Giving security for deposit prohibited -- exceptions - 32-1-447. Giving security for deposit prohibited -- exceptions. It is...

32-1-448. Payments to foreign administrator - 32-1-448. Payments to foreign administrator. Any bank doing business in...

32-1-449. and 32-1-450 reserved - 32-1-449 and 32-1-450 reserved.

32-1-451. Statement of capital, resources, and liabilities - 32-1-451. Statement of capital, resources, and liabilities. A bank or...

32-1-452. Dividends, surplus, losses, and bad debts - 32-1-452. Dividends, surplus, losses, and bad debts. (1) The directors...

32-1-453. Calculation of profits - 32-1-453. Calculation of profits. Interest or commissions unpaid, although due...

32-1-454. Past-due and doubtful paper - 32-1-454. Past-due and doubtful paper. Every bank carrying any bad...

32-1-455. Reserve requirements - 32-1-455. Reserve requirements. (1) A bank, except a reserve bank,...

32-1-456. through 32-1-460 reserved - 32-1-456 through 32-1-460 reserved.

32-1-461. Bonding of employees - 32-1-461. Bonding of employees. (1) The board of directors of...

32-1-462. Persons previously convicted under banking laws -- bank employment - 32-1-462. Persons previously convicted under banking laws -- bank employment....

32-1-463. Sale of securities by officer to bank - 32-1-463. Sale of securities by officer to bank. (1) A...

32-1-464. Fraud by director, officer, agent, or employee - 32-1-464. Fraud by director, officer, agent, or employee. A director,...

32-1-465. Limit on loans to officer, director, or principal shareholder - 32-1-465. Limit on loans to officer, director, or principal shareholder....

32-1-466. Purchase of obligation of bank by officer - 32-1-466. Purchase of obligation of bank by officer. A director,...

32-1-467. Loans to managing officer - 32-1-467. Loans to managing officer. (1) A bank may extend...

32-1-468. Removal of directors, officers, or employees -- hearing - 32-1-468. Removal of directors, officers, or employees -- hearing. (1)...

32-1-469. and 32-1-470 reserved - 32-1-469 and 32-1-470 reserved.

32-1-471. Penalty for unlawful hypothecation of property received - 32-1-471. Penalty for unlawful hypothecation of property received. Any officer...

32-1-472. Concealing actions from directors - 32-1-472. Concealing actions from directors. Any officer or employee of...

32-1-473. Theft of funds by directors, officers, or employees - 32-1-473. Theft of funds by directors, officers, or employees. A...

32-1-474. False statement to obtain loan - 32-1-474. False statement to obtain loan. A person who makes...

32-1-475. through 32-1-480 reserved - 32-1-475 through 32-1-480 reserved.

32-1-481. Bank holidays - 32-1-481. Bank holidays. In addition to emergency closings authorized by...

32-1-482. Transaction on holidays - 32-1-482. Transaction on holidays. Nothing in any law of this...

32-1-483. Closing on Saturdays authorized -- Saturday treated as holiday - 32-1-483. Closing on Saturdays authorized -- Saturday treated as holiday....

32-1-484. Banking hours and business days - 32-1-484. Banking hours and business days. A bank may provide...

32-1-485. Interest payable at bank on Saturday -- how paid - 32-1-485. Interest payable at bank on Saturday -- how paid....

32-1-486. through 32-1-490 reserved - 32-1-486 through 32-1-490 reserved.

32-1-491. Destruction of records - 32-1-491. Destruction of records. (1) Banks are required to preserve...

32-1-492. Definitions -- reproduction of bank records -- admissibility in evidence -- cost recovery - 32-1-492. Definitions -- reproduction of bank records -- admissibility in...

32-1-493. Admissibility of copies in evidence -- exception when original available - 32-1-493. Admissibility of copies in evidence -- exception when original...

32-1-494. Destruction or reproduction "in regular course of business" defined - 32-1-494. Destruction or reproduction "in regular course of business" defined....

32-1-495. Application - 32-1-495. Application. The provisions of 32-1-491 through 32-1-495 shall be...

Part 5. Dissolution, Closing, and Liquidation

32-1-501. Dissolution and disincorporation - 32-1-501. Dissolution and disincorporation. Commercial banks, savings banks, trust companies,...

32-1-502. Grounds for closing bank - 32-1-502. Grounds for closing bank. (1) When it appears to...

32-1-503. Bank insolvent when - 32-1-503. Bank insolvent when. A bank is insolvent within the...

32-1-504. Deposits in insolvent bank - 32-1-504. Deposits in insolvent bank. (1) Except as otherwise provided...

32-1-505. Penalty for receiving deposits when insolvent or for making false statements - 32-1-505. Penalty for receiving deposits when insolvent or for making...

32-1-506. Assessment on capital stock to make good impairment - 32-1-506. Assessment on capital stock to make good impairment. (1)...

32-1-507. Power of closed banks to borrow money from governmental agencies - 32-1-507. Power of closed banks to borrow money from governmental...

32-1-508. Corporate existence -- ceases when - 32-1-508. Corporate existence -- ceases when. The charters and the...

32-1-509. Taxes on banks which have ceased to do business - 32-1-509. Taxes on banks which have ceased to do business....

32-1-510. Penalty for maliciously declaring bank insolvent - 32-1-510. Penalty for maliciously declaring bank insolvent. If, as a...

32-1-511. Bank may be placed in department's possession - 32-1-511. Bank may be placed in department's possession. A bank...

32-1-512. Effect of posting notice - 32-1-512. Effect of posting notice. The posting of the notice...

32-1-513. Taking possession of bank -- notice - 32-1-513. Taking possession of bank -- notice. On taking possession...

32-1-514. Resumption after closing - 32-1-514. Resumption after closing. After the department has taken possession...

32-1-515. Powers of department on closing bank -- court proceedings - 32-1-515. Powers of department on closing bank -- court proceedings....

32-1-516. Recourse of aggrieved bank -- injunction - 32-1-516. Recourse of aggrieved bank -- injunction. (1) A bank...

32-1-517. Department may retain bank employees -- liquidating agent's salary and expenses - 32-1-517. Department may retain bank employees -- liquidating agent's salary...

32-1-518. Compensation of agents and attorneys - 32-1-518. Compensation of agents and attorneys. (1) Except as provided...

32-1-519. through 32-1-530 reserved - 32-1-519 through 32-1-530 reserved.

32-1-531. Notice to creditors of insolvent bank - 32-1-531. Notice to creditors of insolvent bank. (1) Except as...

32-1-532. Claims -- allowance and rejection - 32-1-532. Claims -- allowance and rejection. (1) Except as provided...

32-1-533. Payment of claims - 32-1-533. Payment of claims. (1) Claims presented to the department...

32-1-534. Claims -- order of payment -- priorities - 32-1-534. Claims -- order of payment -- priorities. (1) Except...

32-1-535. Claims -- partial payments -- assignments - 32-1-535. Claims -- partial payments -- assignments. (1) The department...

32-1-536. Deposit of funds in department's hands - 32-1-536. Deposit of funds in department's hands. All funds in...

32-1-537. Disposition of unclaimed funds - 32-1-537. Disposition of unclaimed funds. (1) The department shall certify...

32-1-538. Disposition of assets remaining after payment of claims - 32-1-538. Disposition of assets remaining after payment of claims. (1)...

32-1-539. through 32-1-550 reserved - 32-1-539 through 32-1-550 reserved.

32-1-551. Liquidating officer's powers and duties - 32-1-551. Liquidating officer's powers and duties. (1) Except as provided...

32-1-552. Further duties of liquidating officer - 32-1-552. Further duties of liquidating officer. (1) For the purpose...

32-1-553. Department to file inventory -- report required -- exception - 32-1-553. Department to file inventory -- report required -- exception....

32-1-554. through 32-1-560 reserved - 32-1-554 through 32-1-560 reserved.

32-1-561. Definitions - 32-1-561. Definitions. As used in 32-1-562 through 32-1-565, unless the...

32-1-562. Power of department - 32-1-562. Power of department. When the department is of the...

32-1-563. Powers of officers - 32-1-563. Powers of officers. (1) When the officers of a...

32-1-564. Notice of bank closing - 32-1-564. Notice of bank closing. A bank closing an office...

32-1-565. Effect of closing - 32-1-565. Effect of closing. (1) A day on which a...

Part 6. Federal Deposit Insurance Corporation

32-1-601. Definition of banking institution - 32-1-601. Definition of banking institution. The term "banking institution" as...

32-1-602. Banking institutions empowered to receive federal deposit insurance corporation aid - 32-1-602. Banking institutions empowered to receive federal deposit insurance corporation...

32-1-603. Appointment of the corporation as agent in liquidation - 32-1-603. Appointment of the corporation as agent in liquidation. If...

32-1-604. Subrogation of corporation - 32-1-604. Subrogation of corporation. Whenever any banking institution shall have...

32-1-605. Examinations by the corporation -- accepted when - 32-1-605. Examinations by the corporation -- accepted when. (1) The...

32-1-606. Closed banking institutions empowered to borrow from corporation - 32-1-606. Closed banking institutions empowered to borrow from corporation. If...

Part 7. Uniform Common Trust Act

32-1-701. Short title - 32-1-701. Short title. This part may be cited as the...

32-1-702. Application - 32-1-702. Application. This part shall apply to fiduciary relationships in...

32-1-703. Common trust fund allowed - 32-1-703. Common trust fund allowed. (1) Any bank or trust...

32-1-704. Accounting for trust funds - 32-1-704. Accounting for trust funds. Unless ordered by a court...

32-1-705. Construction - 32-1-705. Construction. This part shall be so interpreted and construed...

32-1-706. Common trust funds established - 32-1-706. Common trust funds established. Each common trust fund established...

32-1-707. Affiliated defined - 32-1-707. Affiliated defined. For purposes of this part, two or...

32-1-708. Limited application of insurance law -- exemption - 32-1-708. Limited application of insurance law -- exemption. (1) Nothing...

Part 8. Subsidiary Trust Companies

32-1-801. Short title - 32-1-801. Short title. This part may be cited as "The...

32-1-802. Definitions - 32-1-802. Definitions. As used in this part, the following definitions...

32-1-803. Organization of subsidiary trust companies - 32-1-803. Organization of subsidiary trust companies. A subsidiary trust company...

32-1-804. Permissible business of subsidiary trust companies - 32-1-804. Permissible business of subsidiary trust companies. The permissible business...

32-1-805. Trust offices of subsidiary trust companies - 32-1-805. Trust offices of subsidiary trust companies. Notwithstanding the provisions...

32-1-806. Trust offices of affiliated banks - 32-1-806. Trust offices of affiliated banks. Notwithstanding the provisions of...

32-1-807. Transfer of fiduciary relationships from affiliated banks to subsidiary trust companies - 32-1-807. Transfer of fiduciary relationships from affiliated banks to subsidiary...

32-1-808. Transfer of fiduciary relationships between affiliated banks - 32-1-808. Transfer of fiduciary relationships between affiliated banks. (1) Any...

Part 9. Removal of Directors or Officers of Financial Institutions

32-1-901. Definitions - 32-1-901. Definitions. For purposes of this part, the following definitions...

32-1-902. Notice of charges -- hearing -- cease and desist order -- effective date - 32-1-902. Notice of charges -- hearing -- cease and desist...

32-1-903. Informal conferences -- time for application - 32-1-903. Informal conferences -- time for application. Within 15 days...

32-1-904. Temporary cease and desist order -- grounds for issuance -- effective date -- injunctive relief - 32-1-904. Temporary cease and desist order -- grounds for issuance...

32-1-905. Notice of intention to remove board member or officer or to prohibit participation -- suspension - 32-1-905. Notice of intention to remove board member or officer...

32-1-906. Informal conferences -- time for application - 32-1-906. Informal conferences -- time for application. Within 15 days...

32-1-907. Suspension or prohibition effective upon service -- stay - 32-1-907. Suspension or prohibition effective upon service -- stay. (1)...

32-1-908. Felony charges -- suspension or prohibition - 32-1-908. Felony charges -- suspension or prohibition. (1) Whenever any...

32-1-909. Board of directors -- lack of quorum -- temporary board members - 32-1-909. Board of directors -- lack of quorum -- temporary...

32-1-910. Hearings -- decision -- review, modification, termination or stay of orders - 32-1-910. Hearings -- decision -- review, modification, termination or stay...

32-1-911. Notices and orders -- manner of service -- copies to federal authorities - 32-1-911. Notices and orders -- manner of service -- copies...

32-1-912. Enforcement of notices or orders - 32-1-912. Enforcement of notices or orders. The director may apply...

32-1-913. through 32-1-920 reserved - 32-1-913 through 32-1-920 reserved.

32-1-921. Violation of notice or final order -- penalties - 32-1-921. Violation of notice or final order -- penalties. Any...

Part 10. Fiduciary Foreign Trust Companies

32-1-1001. Definition of foreign trust company - 32-1-1001. Definition of foreign trust company. (1) For the purposes...

32-1-1002. Appointment of foreign trust companies - 32-1-1002. Appointment of foreign trust companies. (1) A foreign trust...

32-1-1003. Designation of attorney for service of process - 32-1-1003. Designation of attorney for service of process. Before accepting...

32-1-1004. Service of process - 32-1-1004. Service of process. Service of process under this part...

32-1-1005. Bond - 32-1-1005. Bond. Before accepting an appointment or acting as a...

32-1-1006. Rights and duties - 32-1-1006. Rights and duties. A foreign trust company acting as...

32-1-1007. Solicitation of business - 32-1-1007. Solicitation of business. A foreign trust company may conduct...

Part 15. Financial Institutions -- Preventing Financial Exploitation

32-1-1501. Definitions - 32-1-1501. Definitions. For the purposes of this part, the following...

32-1-1502. Notices - 32-1-1502. Notices. (1) A covered financial institution may notify any...

32-1-1503. Delaying transactions - 32-1-1503. Delaying transactions. (1) A covered financial institution may, but...

32-1-1504. Immunity - 32-1-1504. Immunity. (1) (a) A covered financial institution and its...

Chapter 2. Mutual Savings and Loan Associations

Part 1. General Provisions(Repealed)

32-2-101. Repealed - 32-2-101. Repealed. Sec. 136, Ch. 431, L. 2021. History: Ap....

32-2-102. Repealed - 32-2-102. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-103. Repealed - 32-2-103. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-104. Repealed - 32-2-104. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-105. Repealed - 32-2-105. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-106. Repealed - 32-2-106. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-107. Repealed - 32-2-107. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-108. Repealed - 32-2-108. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-109. Repealed - 32-2-109. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-110. Repealed - 32-2-110. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-111. Repealed - 32-2-111. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

Part 2. Organization and Reorganization(Renumbered and Repealed)

32-2-201. Repealed - 32-2-201. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-202. Repealed - 32-2-202. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-203. Repealed - 32-2-203. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-204. Repealed - 32-2-204. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-205. Repealed - 32-2-205. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-206. Repealed - 32-2-206. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-207. Repealed - 32-2-207. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-208. Repealed - 32-2-208. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-209. Repealed - 32-2-209. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-210. Repealed - 32-2-210. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-211. Repealed - 32-2-211. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-212. Repealed - 32-2-212. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-213. through 32-2-220 reserved - 32-2-213 through 32-2-220 reserved.

32-2-221. Renumbered 32-2-261 - 32-2-221. Renumbered 32-2-261. Code Commissioner, 1983.

32-2-222. Renumbered 32-2-262 - 32-2-222. Renumbered 32-2-262. Code Commissioner, 1983.

32-2-223. Renumbered 32-2-263 - 32-2-223. Renumbered 32-2-263. Code Commissioner, 1983.

32-2-224. Renumbered 32-2-264 - 32-2-224. Renumbered 32-2-264. Code Commissioner, 1983.

32-2-225. through 32-2-230 reserved - 32-2-225 through 32-2-230 reserved.

32-2-231. Renumbered 32-2-271 - 32-2-231. Renumbered 32-2-271. Code Commissioner, 1983.

32-2-232. Repealed - 32-2-232. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-233. Repealed - 32-2-233. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-234. through 32-2-240 reserved - 32-2-234 through 32-2-240 reserved.

32-2-241. Repealed - 32-2-241. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-242. Repealed - 32-2-242. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-243. Repealed - 32-2-243. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-244. Repealed - 32-2-244. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-245. Repealed - 32-2-245. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-246. through 32-2-250 reserved - 32-2-246 through 32-2-250 reserved.

32-2-251. Repealed - 32-2-251. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-252. Repealed - 32-2-252. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-253. Repealed - 32-2-253. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-254. Repealed - 32-2-254. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-255. Repealed - 32-2-255. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-256. Repealed - 32-2-256. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-257. Repealed - 32-2-257. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-258. through 32-2-260 reserved - 32-2-258 through 32-2-260 reserved.

32-2-261. Repealed - 32-2-261. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-262. Repealed - 32-2-262. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-263. Repealed - 32-2-263. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-264. Repealed - 32-2-264. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-265. through 32-2-270 reserved - 32-2-265 through 32-2-270 reserved.

32-2-271. Repealed - 32-2-271. Repealed. Sec. 136, Ch. 431, L. 2021. History: (1),...

Part 3. Department Responsibility(Repealed)

32-2-301. Repealed - 32-2-301. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-302. Repealed - 32-2-302. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-303. Repealed - 32-2-303. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-304. Repealed - 32-2-304. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-305. Repealed - 32-2-305. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-306. Repealed - 32-2-306. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-307. Repealed - 32-2-307. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-308. Repealed - 32-2-308. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-309. Repealed - 32-2-309. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

Part 4. Operation and Regulation(Repealed)

32-2-401. Repealed - 32-2-401. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-402. Repealed - 32-2-402. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-403. Repealed - 32-2-403. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-404. Repealed - 32-2-404. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-405. Repealed - 32-2-405. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-406. Repealed - 32-2-406. Repealed. Sec. 136, Ch. 431, L. 2021. History: (1),...

32-2-407. Repealed - 32-2-407. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-408. Repealed - 32-2-408. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-409. Repealed - 32-2-409. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-410. Repealed - 32-2-410. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-411. Repealed - 32-2-411. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-412. Repealed - 32-2-412. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-413. Repealed - 32-2-413. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-414. Repealed - 32-2-414. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-415. Repealed - 32-2-415. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-416. Repealed - 32-2-416. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-417. Repealed - 32-2-417. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-418. Repealed - 32-2-418. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-419. Repealed - 32-2-419. Repealed. Sec. 3, Ch. 243, L. 1989. History: En....

32-2-420. Repealed - 32-2-420. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-421. through 32-2-430 reserved - 32-2-421 through 32-2-430 reserved.

32-2-431. Repealed - 32-2-431. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-432. Repealed - 32-2-432. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-433. through 32-2-440 reserved - 32-2-433 through 32-2-440 reserved.

32-2-441. Repealed - 32-2-441. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-442. Repealed - 32-2-442. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

Part 5. National Housing Act Loans(Repealed)

32-2-501. Repealed - 32-2-501. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-502. Repealed - 32-2-502. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

32-2-503. Repealed - 32-2-503. Repealed. Sec. 136, Ch. 431, L. 2021. History: En....

Part 6. General Provisions

32-2-601. Short title -- application -- purpose - 32-2-601. Short title -- application -- purpose. (1) This chapter...

32-2-602. General applicability - 32-2-602. General applicability.It is unlawful for any corporation, partnership, firm,...

32-2-603. Definitions - 32-2-603. Definitions. As used in this chapter, unless the context...

32-2-604. through 32-2-606 reserved - 32-2-604 through 32-2-606 reserved.

32-2-607. Notice of violation -- administrative hearing -- penalties -- liability - 32-2-607. Notice of violation -- administrative hearing -- penalties --...

32-2-608. Criminal liabilities - 32-2-608. Criminal liabilities. (1) A person who knowingly and purposefully...

Part 7. Department Responsibility

32-2-701. Examination and supervision by department -- duties -- rulemaking - 32-2-701. Examination and supervision by department -- duties -- rulemaking....

32-2-702. Payments by mutual associations - 32-2-702. Payments by mutual associations. Each mutual association under the...

32-2-703. Examination -- request of directors - 32-2-703. Examination -- request of directors. If requested in writing,...

32-2-704. Department rulemaking - 32-2-704. Department rulemaking. (1) The department may promulgate reasonable rules...

32-2-705. Reliance on order -- limit on liability - 32-2-705. Reliance on order -- limit on liability. (1) A...

32-2-706. Reports to department - 32-2-706. Reports to department. (1) A mutual association shall make...

32-2-707. Special reports to department - 32-2-707. Special reports to department. In addition to the information...

32-2-708. and 32-2-709 reserved - 32-2-708 and 32-2-709 reserved.

32-2-710. Confidentiality -- penalties - 32-2-710. Confidentiality -- penalties. (1) (a) Reports and statement under...

32-2-711. Prohibited practices - 32-2-711. Prohibited practices. (1) It is unlawful for any person...

Part 8. Formation and Reorganization

32-2-801. Formation - 32-2-801. Formation. (1) Five or more individuals who are residents...

32-2-802. Notice of acceptance of application - 32-2-802. Notice of acceptance of application. If the department determines...

32-2-803. Notice of proposed incorporation - 32-2-803. Notice of proposed incorporation. (1) (a) Within 10 days...

32-2-804. Department investigation - 32-2-804. Department investigation. (1) The department may gather all available...

32-2-805. Articles of incorporation - 32-2-805. Articles of incorporation. (1) A mutual association's articles of...

32-2-806. Incorporation - 32-2-806. Incorporation. The proposed articles of incorporation must be presented...

32-2-807. Bylaws - 32-2-807. Bylaws. (1) The bylaws must be in conformity with...

32-2-808. Capital - 32-2-808. Capital. (1) The capital of a mutual association must...

32-2-809. Review of application - 32-2-809. Review of application. (1) The commissioner shall examine all...

32-2-810. Certificate of authority to commence business - 32-2-810. Certificate of authority to commence business. (1) A mutual...

32-2-811. Failure to commence business - 32-2-811. Failure to commence business. (1) Any mutual association that...

32-2-812. through 32-2-815 reserved - 32-2-812 through 32-2-815 reserved.

32-2-816. Conversion from federal mutual savings and loan association -- state mutual savings and loan association - 32-2-816. Conversion from federal mutual savings and loan association --...

32-2-817. Conversion into federal savings and loan association - 32-2-817. Conversion into federal savings and loan association. (1) Any...

32-2-818. Requirements of state mutual association - 32-2-818. Requirements of state mutual association. A mutual association must...

32-2-819. Directors -- meetings -- officers - 32-2-819. Directors -- meetings -- officers. (1) Within 30 days...

32-2-820. Board of directors -- qualifications, tenure, and vacancies - 32-2-820. Board of directors -- qualifications, tenure, and vacancies. (1)...

32-2-821. Selection of officers and employees -- minutes of meetings - 32-2-821. Selection of officers and employees -- minutes of meetings....

32-2-822. Members -- proxies - 32-2-822. Members -- proxies. (1) A depositor of a mutual...

32-2-823. Right of examination by member - 32-2-823. Right of examination by member. A member of a...

32-2-824. Federal savings association powers extended to state mutual associations - 32-2-824. Federal savings association powers extended to state mutual associations....

32-2-825. Surrender of charter by state mutual association - 32-2-825. Surrender of charter by state mutual association. (1) Any...

32-2-826. Membership in federal home loan bank - 32-2-826. Membership in federal home loan bank. (1) A mutual...

32-2-827. Merger of mutual associations - 32-2-827. Merger of mutual associations. (1) (a) Any mutual association...

32-2-828. Branches - 32-2-828. Branches. (1) A mutual association may establish and maintain...

32-2-829. Sale of branch - 32-2-829. Sale of branch. Any mutual association may, with the...

32-2-830. Loan production office -- rulemaking - 32-2-830. Loan production office -- rulemaking. (1) A mutual association...

32-2-831. Agreement of purchase and sale - 32-2-831. Agreement of purchase and sale. (1) The selling and...

Part 9. Operation and Regulation

32-2-901. Mutual association advertising before issuance of charter - 32-2-901. Mutual association advertising before issuance of charter. It is...

32-2-902. Prohibitions on advertising as mutual association -- trade names restricted - 32-2-902. Prohibitions on advertising as mutual association -- trade names...

32-2-903. Penalty for transacting business without certificate - 32-2-903. Penalty for transacting business without certificate. (1) A person,...

32-2-904. Mutual associations -- powers and duties - 32-2-904. Mutual associations -- powers and duties. (1) A mutual...

32-2-905. Extent that assets may be pledged - 32-2-905. Extent that assets may be pledged. No mutual association,...

32-2-906. Issuance of capital certificates - 32-2-906. Issuance of capital certificates. A mutual association may issue...

32-2-907. No certificate of deposit to be issued for borrowed money - 32-2-907. No certificate of deposit to be issued for borrowed...

32-2-908. Investments of financial institutions - 32-2-908. Investments of financial institutions. (1) Notwithstanding other provisions of...

32-2-909. Insurance activities -- exemption -- rulemaking - 32-2-909. Insurance activities -- exemption -- rulemaking. (1) A mutual...

32-2-910. Authority of state mutual associations to make real estate loans -- borrower insurance requirements - 32-2-910. Authority of state mutual associations to make real estate...

32-2-911. Investment in certain securities -- rulemaking - 32-2-911. Investment in certain securities -- rulemaking. (1) A mutual...

32-2-912. Mutual associations authorized to obtain insurance and make loans when approved by federal housing administrator - 32-2-912. Mutual associations authorized to obtain insurance and make loans...

32-2-913. Federal housing securities eligible collateral - 32-2-913. Federal housing securities eligible collateral. If collateral must or...

32-2-914. Acceptance and issuance of drafts -- rulemaking - 32-2-914. Acceptance and issuance of drafts -- rulemaking. (1) A...

32-2-915. Mutual association's responsibility to provide notice when funds become available for withdrawal - 32-2-915. Mutual association's responsibility to provide notice when funds become...

32-2-916. Certified checks - 32-2-916. Certified checks. (1) Whenever a check drawn on a...

32-2-917. Deposit in name of minor - 32-2-917. Deposit in name of minor. Whenever a deposit is...

32-2-918. Demand or time deposits - 32-2-918. Demand or time deposits. Demand deposits, within the meaning...

32-2-919. Safe deposit department - 32-2-919. Safe deposit department. A mutual association may conduct a...

32-2-920. Giving security for deposit prohibited -- exceptions - 32-2-920. Giving security for deposit prohibited -- exceptions. (1) It...

32-2-921. Payments to foreign administrator - 32-2-921. Payments to foreign administrator. A mutual association doing business...

32-2-922. Calculation of profits - 32-2-922. Calculation of profits. Interest or commissions unpaid, although due...

32-2-923. Past-due and doubtful paper - 32-2-923. Past-due and doubtful paper. A savings association carrying any...

32-2-924. Reserve requirements - 32-2-924. Reserve requirements. (1) A mutual association shall maintain at...

32-2-925. Limitations on loans -- rulemaking - 32-2-925. Limitations on loans -- rulemaking. (1) The total loans...

32-2-926. through 32-2-929 reserved - 32-2-926 through 32-2-929 reserved.

32-2-930. Bonding of employees - 32-2-930. Bonding of employees. (1) The board of directors of...

32-2-931. Persons previously convicted -- rulemaking - 32-2-931. Persons previously convicted -- rulemaking. (1) Unless the commissioner...

32-2-932. Sale of securities by officer to mutual association - 32-2-932. Sale of securities by officer to mutual association. (1)...

32-2-933. Real estate that mutual associations may purchase, hold, or convey - 32-2-933. Real estate that mutual associations may purchase, hold, or...

32-2-934. Purchase of obligation of mutual association by officer - 32-2-934. Purchase of obligation of mutual association by officer. A...

32-2-935. Fraud by director, officer, agent, or employee - 32-2-935. Fraud by director, officer, agent, or employee. A director,...

32-2-936. Removal of directors, officers, or employees -- hearing - 32-2-936. Removal of directors, officers, or employees -- hearing. (1)...

32-2-937. Penalty for unlawful hypothecation of property received - 32-2-937. Penalty for unlawful hypothecation of property received. An officer...

32-2-938. Concealing actions from directors - 32-2-938. Concealing actions from directors. An officer or employee of...

32-2-939. Theft of funds by directors, officers, or employees - 32-2-939. Theft of funds by directors, officers, or employees. A...

32-2-940. False statement to obtain loan - 32-2-940. False statement to obtain loan. A person who makes...

32-2-941. Mutual association holidays - 32-2-941. Mutual association holidays. In addition to emergency closings authorized...

32-2-942. Transaction on holiday - 32-2-942. Transaction on holiday. No law of this state may...

32-2-943. Closing on Saturdays authorized -- Saturday treated as holiday - 32-2-943. Closing on Saturdays authorized -- Saturday treated as holiday....

32-2-944. Mutual association hours and business days - 32-2-944. Mutual association hours and business days. A mutual association...

32-2-945. Interest payable at mutual association on Saturday -- how paid - 32-2-945. Interest payable at mutual association on Saturday -- how...

32-2-946. through 32-2-949 reserved - 32-2-946 through 32-2-949 reserved.

32-2-950. Destruction of records -- rulemaking - 32-2-950. Destruction of records -- rulemaking. (1) Mutual associations are...

32-2-951. Definitions -- reproductions of mutual association records -- admissibility in evidence -- cost recovery - 32-2-951. Definitions -- reproductions of mutual association records -- admissibility...

32-2-952. Admissibility of copies in evidence -- exception when original available - 32-2-952. Admissibility of copies in evidence -- exception when original...

32-2-953. Destruction or reproduction - 32-2-953. Destruction or reproduction. Destruction in the regular course of...

32-2-954. Application - 32-2-954. Application. The provisions of 32-2-950 through 32-2-954 are applicable...

Part 10. Dissolution, Closing, and Liquidation

32-2-1001. Dissolution and disincorporation - 32-2-1001. Dissolution and disincorporation. (1) Mutual associations may be dissolved...

32-2-1002. Grounds for closing mutual association - 32-2-1002. Grounds for closing mutual association. (1) If it appears...

32-2-1003. When mutual association insolvent - 32-2-1003. When mutual association insolvent. A mutual association is insolvent...

32-2-1004. Deposits in insolvent mutual associations - 32-2-1004. Deposits in insolvent mutual associations. (1) Except as otherwise...

32-2-1005. Penalty for receiving deposits when insolvent or for making false statement - 32-2-1005. Penalty for receiving deposits when insolvent or for making...

32-2-1006. Power of closed mutual associations to borrow money from governmental agencies - 32-2-1006. Power of closed mutual associations to borrow money from...

32-2-1007. Corporate existence -- cessation - 32-2-1007. Corporate existence -- cessation. (1) The charters and the...

32-2-1008. Taxes on mutual associations that have ceased to do business - 32-2-1008. Taxes on mutual associations that have ceased to do...

32-2-1009. Penalty for maliciously declaring mutual association insolvent - 32-2-1009. Penalty for maliciously declaring mutual association insolvent. If, as...

32-2-1010. Resumption after closing - 32-2-1010. Resumption after closing. After the department has taken possession...

32-2-1011. Powers of department on closing mutual association -- court proceedings - 32-2-1011. Powers of department on closing mutual association -- court...

32-2-1012. Recourse of aggrieved mutual association -- injunction - 32-2-1012. Recourse of aggrieved mutual association -- injunction. (1) A...

32-2-1013. Department may retain mutual association employees -- liquidating agent's salary and expenses - 32-2-1013. Department may retain mutual association employees -- liquidating agent's...

32-2-1014. Compensation of agents and attorneys - 32-2-1014. Compensation of agents and attorneys. (1) Except as provided...

32-2-1015. Notice to creditors of insolvent mutual association - 32-2-1015. Notice to creditors of insolvent mutual association. (1) Except...

32-2-1016. Claims -- allowance and rejection - 32-2-1016. Claims -- allowance and rejection. (1) Except as provided...

32-2-1017. Payment of claims - 32-2-1017. Payment of claims. (1) Claims presented to the department...

32-2-1018. Claims -- order of payment -- priorities - 32-2-1018. Claims -- order of payment -- priorities. (1) Except...

32-2-1019. Claims -- partial payments -- assignments - 32-2-1019. Claims -- partial payments -- assignments. (1) At any...

32-2-1020. Deposit of funds in department's hands - 32-2-1020. Deposit of funds in department's hands. All funds in...

32-2-1021. Disposition of unclaimed funds - 32-2-1021. Disposition of unclaimed funds. (1) The department shall certify...

32-2-1022. Disposition of assets remaining after payment of claims - 32-2-1022. Disposition of assets remaining after payment of claims. (1)...

32-2-1023. Further duties of liquidating officer - 32-2-1023. Further duties of liquidating officer. (1) The liquidating officer...

32-2-1024. Department to file inventory -- report required -- exception - 32-2-1024. Department to file inventory -- report required -- exception....

32-2-1025. through 32-2-1029 reserved - 32-2-1025 through 32-2-1029 reserved.

32-2-1030. Definitions - 32-2-1030. Definitions. As used in 32-2-1030 through 32-2-1034, unless the...

32-2-1031. Power of department - 32-2-1031. Power of department. When the department feels that an...

32-2-1032. Powers of officers - 32-2-1032. Powers of officers. (1) When the officers of a...

32-2-1033. Notice of mutual association closing - 32-2-1033. Notice of mutual association closing. A mutual association closing...

32-2-1034. Effect of closing - 32-2-1034. Effect of closing. (1) A day on which a...

Part 11. Federal Deposit Insurance Corporation

32-2-1101. Definition of savings institution - 32-2-1101. Definition of savings institution. As used in this part,...

32-2-1102. Savings institutions empowered to receive federal deposit insurance corporation aid - 32-2-1102. Savings institutions empowered to receive federal deposit insurance corporation...

32-2-1103. Appointment of corporation as agent in liquidation - 32-2-1103. Appointment of corporation as agent in liquidation. If a...

32-2-1104. Subrogation of corporation - 32-2-1104. Subrogation of corporation. Whenever any savings institution has been...

32-2-1105. Examinations by corporation - 32-2-1105. Examinations by corporation. (1) The department may accept, in...

32-2-1106. Closed savings institutions empowered to borrow from corporation - 32-2-1106. Closed savings institutions empowered to borrow from corporation. (1)...

Part 12. Removal of Directors or Officers

32-2-1201. Definitions - 32-2-1201. Definitions. As used in this part, the following definitions...

32-2-1202. Notice of charges -- hearing -- cease and desist order -- effective date - 32-2-1202. Notice of charges -- hearing -- cease and desist...

32-2-1203. Informal conferences -- time for application - 32-2-1203. Informal conferences -- time for application. Within 15 days...

32-2-1204. Temporary cease and desist order -- grounds for issuance -- effective date -- injunctive relief - 32-2-1204. Temporary cease and desist order -- grounds for issuance...

32-2-1205. Notice of intention to remove board member or officer -- prohibiting participation -- suspension - 32-2-1205. Notice of intention to remove board member or officer...

32-2-1206. Informal conferences -- time for application - 32-2-1206. Informal conferences -- time for application. Within 15 days...

32-2-1207. Suspension or prohibition effective on service -- stay - 32-2-1207. Suspension or prohibition effective on service -- stay. (1)...

32-2-1208. Felony charges -- suspension or prohibition - 32-2-1208. Felony charges -- suspension or prohibition. (1) (a) If...

32-2-1209. through 32-2-1212 reserved - 32-2-1209 through 32-2-1212 reserved.

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Montana Code Annotated Title 32. Financial Institutions

Montana Code Annotated
Title 32. Financial Institutions