Mont. Code Ann. § 32-1-433
This is the official text of Mont. Code Ann. § 32-1-433, 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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32-1-433 Investment in certain securities -- rulemaking authority
Official statutory text
32-1-433 . Investment in certain securities -- rulemaking authority. (1) A bank may purchase, sell, underwrite, and hold investment securities that are obligations in the form of bonds, notes, or debentures, as provided in rules adopted by the department. In addition, unless limited by the department by rule, a bank may purchase, sell, underwrite, and hold those investment securities that are derivative transactions that national banks are expressly authorized to purchase, sell, underwrite, and hold. A bank may hold without limit investment securities that are general obligations of the United States, obligations that are guaranteed fully as to principal and interest by the United States, or general obligations of any state.
(2) The department shall adopt rules to implement this section.
(2) The department shall adopt rules to implement this section.
Status: in_force · Read it on the official government site
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