Mont. Code Ann. § 32-1-245
This is the official text of Mont. Code Ann. § 32-1-245, 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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32-1-245 Additional requirements after approval of application
Official statutory text
32-1-245 . Additional requirements after approval of application. Following approval of the application, the incorporators must:
(1) file a signed original of the articles of incorporation with the department for filing with the secretary of state and pay the filing fee;
(2) provide acceptable proof that the capital of the institution has been placed into escrow;
(3) if the bank will accept money on deposit, prove that the bank has federal deposit insurance corporation insurance, or provide satisfactory assurance from the federal deposit insurance corporation that the proposed bank will be accepted for insurance when the applicants comply with certain stated minor requirements imposed by the federal deposit insurance corporation. "Minor requirements" must be of a type and character that the commissioner determines can be promptly complied with by the applicants without serious difficulty.
(4) provide proposed bylaws that comply with Montana law to the department for review and approval.
(1) file a signed original of the articles of incorporation with the department for filing with the secretary of state and pay the filing fee;
(2) provide acceptable proof that the capital of the institution has been placed into escrow;
(3) if the bank will accept money on deposit, prove that the bank has federal deposit insurance corporation insurance, or provide satisfactory assurance from the federal deposit insurance corporation that the proposed bank will be accepted for insurance when the applicants comply with certain stated minor requirements imposed by the federal deposit insurance corporation. "Minor requirements" must be of a type and character that the commissioner determines can be promptly complied with by the applicants without serious difficulty.
(4) provide proposed bylaws that comply with Montana law to the department for review and approval.
Status: in_force · Read it on the official government site
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