Montana Statutes
§ 32-1-106 — Savings Bank Defined
Montana § 32-1-106
JurisdictionMontana
Title 32FINANCIAL INSTITUTIONS
Ch. 1BANKS AND TRUST COMPANIES
Part 1General Provisions -- Definitions
This text of Montana § 32-1-106 (Savings Bank Defined) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mont. Code Ann. § 32-1-106 (2026).
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.
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Legislative History
En. Subd. b, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.5, R.C.M. 1935; R.C.M. 1947, 5-105; amd. Sec. 2, Ch. 129, L. 1981.
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Repealed§ 32-1-105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 DefinedCite This Page — Counsel Stack
Bluebook (online)
Montana § 32-1-106, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/1/32-1-106.