Table of Contents
TITLE 32. FINANCIAL INSTITUTIONS
CHAPTER 1. BANKS AND TRUST COMPANIES
Part 5. Dissolution, Closing, and Liquidation
Current Version 2025, 2023, 2021, 2019, 2015, 2013, 2011, 2009, 2007, 2005, 2003, 2001, 1999, 1997, 1995
Prev Next
32-1-501
32-1-502
32-1-503
32-1-504
32-1-505
32-1-506
32-1-507
32-1-508
32-1-509
32-1-510
32-1-511
32-1-512
32-1-513
32-1-514
32-1-515
32-1-516
32-1-517
32-1-518
32-1-531
32-1-532
32-1-533
32-1-534
32-1-535
32-1-536
32-1-537
32-1-538
32-1-551
32-1-552
32-1-553
32-1-561
32-1-562
32-1-563
32-1-564
32-1-565
Mont. Code Ann. § 32-1-511
(2021)

Bank may be placed in department's possession

A bank may place its affairs and assets under the control and in the possession of the department by posting a notice on the front door of the bank indicating that it is in the possession of the department. The notice shall be signed by a majority of the directors in office of the bank. Immediately upon the posting of the notice by a bank, it shall notify the department of its action.

Official Annotations
History:
En. Sec. 123, Ch. 89, L. 1927
Re-en. Sec. 6014.133, R.C.M. 1935
Amd. Sec. 45, Ch. 431, L. 1975
R.C.M. 1947, 5-1103.
Source