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32-2-1001 32-2-1002 32-2-1003 32-2-1004 32-2-1005 32-2-1006 32-2-1007 32-2-1008 32-2-1009 32-2-1010 32-2-1011 32-2-1012 32-2-1013 32-2-1014 32-2-1015 32-2-1016 32-2-1017 32-2-1018 32-2-1019 32-2-1020 32-2-1021 32-2-1022 32-2-1023 32-2-1024 32-2-1030 32-2-1031 32-2-1032 32-2-1033 32-2-1034

Mont. Code Ann. § 32-2-1014

(2021)

Compensation of agents and attorneys

(1) Except as provided in subsection (2), after notice to the mutual association and subject to approval by a district court judge of the county in which the mutual association is located, the compensation of the agents, attorneys, expert accountants, and other assistants appointed by the department and all expenses of liquidation and distribution of a mutual association whose assets and business have been taken possession of by the department must be fixed by the department. The department shall, on written request of the judge, supply semiannual statements showing the condition of the mutual association in the process of liquidation. Except in cases of emergency, the compensation paid to attorneys and expert accountants must be fixed and approved before services are rendered. The compensation must be paid out of the funds of the mutual association in the hands of the department and are a proper charge and lien on the assets of the mutual association.

(2) If the federal deposit insurance corporation is appointed as the liquidating agent, the reporting and district court approval requirements in subsection (1) do not apply.

Official Annotations archive.org, 2021 edition
History:
En. Sec. 101, Ch. 431, L. 2021 (SB 308 - Welborn, Jeffrey (R) SD 36)