Montana Statutes
§ 32-2-705 — Reliance On Order -- Limit On Liability
Montana § 32-2-705
JurisdictionMontana
Title 32FINANCIAL INSTITUTIONS
Ch. 2MUTUAL SAVINGS AND LOAN ASSOCIATIONS
Part 7Department Responsibility
This text of Montana § 32-2-705 (Reliance On Order -- Limit On Liability) 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. § 32-2-705 (2026).
Text
32-2-705 . Reliance on order -- limit on liability.
(1)A person acting in good faith reliance on a rule, order, or declaratory statement issued by the division is not subject to any criminal, civil, or administrative liability for the action if a subsequent decision by a court of competent jurisdiction invalidates the rule, order, or declaratory statement.
(2)In the case of an order or declaratory statement that is not of general application, only the person to whom the order or declaratory statement was issued is entitled to rely on it unless a third person is dealing with material facts or circumstances that are substantially the same as those on which the order or declaratory statement was based.
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Legislative History
En. Sec. 10, Ch. 431, L. 2021.
Nearby Sections
15
§ 32-2-1001
Dissolution And Disincorporation§ 32-2-1002
Grounds For Closing Mutual Association§ 32-2-1003
When Mutual Association Insolvent§ 32-2-1004
Deposits In Insolvent Mutual Associations§ 32-2-1007
Corporate Existence -- Cessation§ 32-2-101
Repealed§ 32-2-1010
Resumption After Closing§ 32-2-1013
Department May Retain Mutual Association Employees -- Liquidating Agent's Salary And Expenses§ 32-2-1014
Compensation Of Agents And AttorneysCite This Page — Counsel Stack
Bluebook (online)
Montana § 32-2-705, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/2/32-2-705.