Montana Statutes
§ 32-1-414 — No Certificate Of Deposit To Issue For Borrowed Money
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 1 BANKS AND TRUST COMPANIES·Part 4 Operation and Regulation
32-1-414 . No certificate of deposit to issue for borrowed money. No bank shall issue its certificate of deposit for the purpose of borrowing money or make partial payments upon any certificate of deposit.
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Legislative History
En. Sec. 111, Ch. 89, L. 1927; re-en. Sec. 6014.122, R.C.M. 1935; R.C.M. 1947, 5-1038.
Nearby Sections
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§ 32-1-1001
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Appointment Of Foreign Trust Companies§ 32-1-1004
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Rights And Duties§ 32-1-1007
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