Mont. Code Ann. § 32-1-221
This is the official text of Mont. Code Ann. § 32-1-221, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
32-1-221 Regional banking organizations -- department authority
Official statutory text
32-1-221 . Regional banking organizations -- department authority. (1) Notwithstanding 32-1-211 (2)(b), the department shall submit to a regional banking organization a report of the examination findings no later than 90 days after the completion of the examination.
(2) The department has the same examination authority over the bank holding company of a regional banking organization as the department has over the regional banking organization.
(3) The department may:
(a) participate in examinations of bank holding companies of regional banking organizations with federal financial institution regulatory agencies and one or more state's financial regulatory departments; and
(b) take an enforcement action against the bank holding company of a regional banking organization pursuant to this chapter if the department considers the action to be necessary or appropriate to carry out its responsibilities under this chapter or to ensure compliance with the laws of this state.
(4) Notwithstanding 32-1-322 , at least one-third of the board of directors of a regional banking organization must be residents of Montana.
(2) The department has the same examination authority over the bank holding company of a regional banking organization as the department has over the regional banking organization.
(3) The department may:
(a) participate in examinations of bank holding companies of regional banking organizations with federal financial institution regulatory agencies and one or more state's financial regulatory departments; and
(b) take an enforcement action against the bank holding company of a regional banking organization pursuant to this chapter if the department considers the action to be necessary or appropriate to carry out its responsibilities under this chapter or to ensure compliance with the laws of this state.
(4) Notwithstanding 32-1-322 , at least one-third of the board of directors of a regional banking organization must be residents of Montana.
Status: in_force · Read it on the official government site
Need a lawyer in Montana?
Find a Montana lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.