Montana § 32-2-1201 Definitions

Montana Statutes

§ 32-2-1201 — Definitions

Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 2 MUTUAL SAVINGS AND LOAN ASSOCIATIONS·Part 12 Removal of Directors or Officers

32-2-1201 . Definitions. As used in this part, the following definitions apply:

(1)"Board member" means a member of the board of directors of the institution.

(2)"Cease and desist order that has become final" means a cease and desist order or an order with respect to which:

(a)a timely petition for review of the action has not been filed; or

(b)the action of the court in which a petition for review has been filed is not subject to further review by the courts of the state.

(3)"Institution" means a state mutual association.

(4)"Violation" includes without limitation any action, alone or with others, that causes, counsels, aids, or abets a violation.

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32-2-1201 . Definitions. As used in this part, the following definitions apply:
(1) "Board member" means a member of the board of directors of the institution.
(2) "Cease and desist order that has become final" means a cease and desist order or an order with respect to which:
(a) a timely petition for review of the action has not been filed; or
(b) the action of the court in which a petition for review has been filed is not subject to further review by the courts of the state.
(3) "Institution" means a state mutual association.
(4) "Violation" includes without limitation any action, alone or with others, that causes, counsels, aids, or abets a violation.

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