Montana Code Annotated
Title 32. Financial Institutions
Chapter 11. Business and Industrial Development Corporations

32-11-104. Meetings of directors and shareholders called by department - 32-11-104. Meetings of directors and shareholders called by department. (1)...

32-11-105. Administration -- rules -- orders -- declaratory rulings -- judicial review - 32-11-105. Administration -- rules -- orders -- declaratory rulings --...

32-11-106. Authority of department - 32-11-106. Authority of department. The provisions of this chapter relating...

32-11-107. Confidentiality - 32-11-107. Confidentiality. (1) The director and other employees of the...

32-11-108. Application of law under which licensee incorporated - 32-11-108. Application of law under which licensee incorporated. Except as...

Part 2. Licensure Procedures -- Board of Directors

32-11-201. Application procedure - 32-11-201. Application procedure. When applying for a license, an applicant...

32-11-202. Requisite net worth - 32-11-202. Requisite net worth. (1) In order to receive a...

32-11-203. Fees -- special revenue account - 32-11-203. Fees -- special revenue account. (1) A fee for...

32-11-204. Criteria for directors, officers, and controlling persons - 32-11-204. Criteria for directors, officers, and controlling persons. (1) A...

32-11-205. Determination of likelihood of future noncompliance - 32-11-205. Determination of likelihood of future noncompliance. The department may...

32-11-206. Denial of application - 32-11-206. Denial of application. If the department denies a license,...

32-11-207. License -- display -- transfer or assignment -- surrender - 32-11-207. License -- display -- transfer or assignment -- surrender....

32-11-208. Corporate name and representation of status - 32-11-208. Corporate name and representation of status. (1) The corporate...

32-11-209. Misrepresentation - 32-11-209. Misrepresentation. (1) Except as otherwise provided in 32-11-208, a...

32-11-210. Dividends - 32-11-210. Dividends. (1) A licensee may not pay or obligate...

32-11-211. Stock buyback - 32-11-211. Stock buyback. A licensee may not buy back or...

32-11-212. Offices - 32-11-212. Offices. (1) A licensee shall maintain at least one...

32-11-213. and 32-11-214 reserved - 32-11-213 and 32-11-214 reserved.

32-11-215. Board of directors - 32-11-215. Board of directors. (1) The board of directors of...

32-11-216. Notice of officer and director changes - 32-11-216. Notice of officer and director changes. Within 30 days...

32-11-217. Business of licensee -- general powers - 32-11-217. Business of licensee -- general powers. (1) A licensee...

32-11-218. Financing assistance allowed -- forms, terms, conditions - 32-11-218. Financing assistance allowed -- forms, terms, conditions. (1) The...

32-11-219. Participation in government programs - 32-11-219. Participation in government programs. (1) A licensee may participate...

32-11-220. Scope of management assistance - 32-11-220. Scope of management assistance. When providing management assistance, a...

32-11-221. Limitation to purposes of business - 32-11-221. Limitation to purposes of business. Financing assistance and management...

32-11-222. Control of other businesses - 32-11-222. Control of other businesses. (1) A licensee may not...

32-11-223. Control of assisted business - 32-11-223. Control of assisted business. (1) A licensee that has...

32-11-224. Control of business providing financing assistance and management assistance or other businesses - 32-11-224. Control of business providing financing assistance and management assistance...

32-11-225. Business practice standards and reserve - 32-11-225. Business practice standards and reserve. (1) A licensee shall...

32-11-226. Other licenses - 32-11-226. Other licenses. A corporation that is licensed under this...

Part 3. Acquisition and Merger

32-11-301. Disclosure of potential conflict of interest -- terms and conditions -- examples - 32-11-301. Disclosure of potential conflict of interest -- terms and...

32-11-302. Acquiring control of licensee -- application -- determination - 32-11-302. Acquiring control of licensee -- application -- determination. (1)...

32-11-303. Merger -- purchase -- sale - 32-11-303. Merger -- purchase -- sale. (1) A licensee may...

32-11-304. Records and report requirements - 32-11-304. Records and report requirements. (1) A licensee shall make...

32-11-305. Records kept by others - 32-11-305. Records kept by others. (1) If a person other...

32-11-306. Information on economic development effect - 32-11-306. Information on economic development effect. Each year in which...

32-11-307. Examination of licensees and subsidiaries - 32-11-307. Examination of licensees and subsidiaries. (1) The department may...

32-11-308. Inspection or copying refusal - 32-11-308. Inspection or copying refusal. A person having custody of...

32-11-309. Restrictions on financing assistance - 32-11-309. Restrictions on financing assistance. (1) A licensee may not...

32-11-310. Contemporaneous financing assistance - 32-11-310. Contemporaneous financing assistance. (1) If the terms on which...

32-11-311. Compensation of associate - 32-11-311. Compensation of associate. (1) An associate of a licensee...

32-11-312. Associates - 32-11-312. Associates. (1) For purposes of 32-11-301 and 32-11-309 through...

32-11-313. Exemptions - 32-11-313. Exemptions. (1) If the department finds that the exemption...

Part 4. Investigations and Penalties

32-11-401. Investigations -- powers -- failure to comply or testify - 32-11-401. Investigations -- powers -- failure to comply or testify....

32-11-402. Injunction -- appointment of receiver - 32-11-402. Injunction -- appointment of receiver. (1) If in the...

32-11-403. Cease and desist orders - 32-11-403. Cease and desist orders. (1) If it appears to...

32-11-404. Penalties -- license suspension and revocation -- restitution - 32-11-404. Penalties -- license suspension and revocation -- restitution. (1)...

32-11-405. Removal and suspension orders for certain acts - 32-11-405. Removal and suspension orders for certain acts. (1) The...

32-11-406. Removal and suspension orders in cases of indictment or conviction - 32-11-406. Removal and suspension orders in cases of indictment or...

32-11-407. Hearings on orders -- recision and modification - 32-11-407. Hearings on orders -- recision and modification. (1) Within...

32-11-408. through 32-11-410 reserved - 32-11-408 through 32-11-410 reserved.

32-11-411. Disclosure to shareholders - 32-11-411. Disclosure to shareholders. If the department determines that the...

32-11-412. Orders restricting additional financing assistance - 32-11-412. Orders restricting additional financing assistance. (1) The department may...

32-11-413. Taking possession of licensee - 32-11-413. Taking possession of licensee. (1) If the department finds...

32-11-414. Appeals - 32-11-414. Appeals. A final order of an administrative proceeding under...

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Montana Code Annotated Title 32. Financial Institutions Chapter 11. Business and Industrial Development Corporations

Montana Code Annotated
Title 32. Financial Institutions
Chapter 11. Business and Industrial Development Corporations