Penalty for transacting business without certificate
(1) A person, firm, company, partnership, or corporation, domestic or foreign, advertising that he or it is receiving or accepting money or savings and issuing notes or certificates of deposit for them or advertising that he or it is transacting the business of a bank, savings bank, or trust company or making use of an office sign at the place where the business is transacted, having on it an artificial or corporate name or other words indicating that the place or office is the place or office of a bank, savings bank, or trust company or that deposits are received there or payments made on check or that interest is paid on deposits or that certificates of deposit, either with or without interest, are being issued or that any other form of banking business is transacted, and a person, firm, company, partnership, or corporation, domestic or foreign, using or circulating any letterheads, billheads, blank notes, blank receipts, certificates, or circulars or any written or printed or partly written and partly printed paper whatever, having on it an artificial or corporate name or advertising that the business is the business of a bank, savings bank, or trust company, must have the proper capital stock paid in and set aside for the purpose of transacting that business and must have received from the department, as provided for in this chapter, a certificate to do a banking business.
(2) A person, firm, company, partnership, or corporation, domestic or foreign, violating any provision of this section shall forfeit to the state $100 a day for every day or part of a day during which the violation continues.
(3) Upon action brought by the department, the court may issue an injunction restraining a person, firm, company, partnership, or corporation from further violating any provision of this section and may enter a further order or decree as equity and justice require.
(4) A person, firm, company, partnership, or corporation doing any of the things or transacting any of the business defined in this section must transact that business according to the provisions of the Bank Act, and the department may examine the accounts, books, papers, cash, and credits of that person, firm, company, partnership, or corporation, domestic or foreign, in order to ascertain whether that person, firm, company, partnership, or corporation has violated or is violating any provisions of this section.
(1) A person, firm, company, partnership, or domestic corporation, domestic or foreign, advertising that he or it is receiving or accepting money or savings and issuing notes violating any provision or certificates of deposit for them or advertising that he or it is transacting this section shall forfeit to the business state $500 of a day for every day a or bank, savings bank, or trust company or making use part of an office sign at a day during which the place where the business is transacted, having on it an artificial or corporate name or violation continues. other words indicating that the place or office is the place or office of a bank, savings bank, or trust company or that deposits are received there or payments made on check or that interest is paid on deposits or that certificates of deposit, either with or without interest, are being issued or that any other form of banking business is transacted, and a person, firm, company, partnership, or corporation, domestic or foreign, using or circulating any letterheads, billheads, blank notes, blank receipts, certificates, or circulars or any written or printed or partly written and partly printed paper whatever, having on it an artificial or corporate name or advertising that the business is the business of a bank, savings bank, or trust company, must have the proper capital stock paid in and set aside for the purpose of transacting that business and must have received from the department, as provided for in this chapter, a certificate to do a banking business.
(2) A person, firm, company, partnership, or corporation, domestic or foreign, violating any provision of this On action brought by section shall forfeit to the state $100 department, the court may issue an injunction restraining a day for every day or part person from further violating any provision of this section and may enter a day during which the violation
(3) Upon action brought by A person doing any of the department, things or transacting any of the court may issue an injunction restraining a person, firm, company, partnership, or corporation from further business defined in Title 32, chapter 1, shall transact that business according to the provisions violating any provision of this section the Bank Act, and the department may enter a further order or decree as equity examine the accounts, books, papers, cash, and justice require. credits of that person, domestic or foreign, in order to ascertain whether that person has violated or is violating any provisions of this section.
(4) A person, firm, company, partnership, or corporation doing any of the things or transacting any of the business defined in this section must transact that business according to the provisions of the Bank Act, and the department may examine the accounts, books, papers, cash, and credits of that person, firm, company, partnership, or corporation, domestic or foreign, in order to ascertain whether that person, firm, company, partnership, or corporation has violated or is violating any provisions of this section.
Penalty for transacting business without certificate
| EnactedEn. SectionSec. 30, ChapterCh. 89, Laws ofL. 1927 |
| ReenactedRe-en. SectionSec. 6014.34, Revised Codes of MontanaR.C.M. 1935 |
| AmendedAmd. SectionSec. 15, ChapterCh. 431, Laws ofL. 1975 |
| Revised Codes of MontanaR.C.M. 1947, 5-509. |