Mont. Code Ann. § 32-1-106
This is the official text of Mont. Code Ann. § 32-1-106, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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32-1-106 Savings bank defined
Official statutory text
32-1-106 . Savings bank defined. The term "savings bank" means a bank organized only for the purpose of accumulating and loaning the funds of its members, stockholders, and depositors and which may:
(1) loan and invest the funds thereof;
(2) receive deposits of money; loan, invest, and collect the same with interest; and repay depositors with or without interest;
(3) sell credit life and disability insurance on loans to its borrowers;
(4) invest said funds and moneys in such property, securities, and obligations as may be prescribed by this chapter; and
(5) declare and pay:
(a) dividends on its general deposits; and
(b) a stipulated rate of interest on deposits made for a stated period or upon special terms.
(1) loan and invest the funds thereof;
(2) receive deposits of money; loan, invest, and collect the same with interest; and repay depositors with or without interest;
(3) sell credit life and disability insurance on loans to its borrowers;
(4) invest said funds and moneys in such property, securities, and obligations as may be prescribed by this chapter; and
(5) declare and pay:
(a) dividends on its general deposits; and
(b) a stipulated rate of interest on deposits made for a stated period or upon special terms.
Status: in_force · Read it on the official government site
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