Montana Statutes
§ 32-1-105 — Commercial Bank Defined
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 1 BANKS AND TRUST COMPANIES·Part 1 General Provisions -- Definitions
32-1-105 . Commercial bank defined. The term "commercial bank" means any bank authorized by law to:
(1)receive deposits of money;
(2)deal in commercial paper or make loans on commercial paper;
(3)lend money on real or personal property;
(4)engage in business activities directly or indirectly through affiliates or subsidiaries;
(5)discount bills, notes, or other commercial papers; and
(6)buy and sell securities, gold and silver bullion, foreign coins, or bills of exchange.
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Legislative History
En. Subd. a, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.4, R.C.M. 1935; R.C.M. 1947, 5-104; amd. Sec. 1, Ch. 129, L. 1981; amd. Sec. 1, Ch. 100, L. 1999.
Nearby Sections
15
§ 32-1-1001
Definition Of Foreign Trust Company§ 32-1-1002
Appointment Of Foreign Trust Companies§ 32-1-1004
Service Of Process§ 32-1-1005
Bond§ 32-1-1006
Rights And Duties§ 32-1-1007
Solicitation Of Business§ 32-1-101
Short Title -- Application -- Purpose§ 32-1-103
Repealed§ 32-1-105
Commercial Bank Defined§ 32-1-106
Savings Bank Defined