Montana Statutes
§ 32-2-818 — Requirements Of State Mutual Association
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 2 MUTUAL SAVINGS AND LOAN ASSOCIATIONS·Part 8 Formation and Reorganization
32-2-818 . Requirements of state mutual association. A mutual association must have its qualified thrift investments:
(1)equal or exceed 50% of its portfolio assets; and
(2)continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.
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Legislative History
En. Sec. 29, 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Repealed§ 32-2-1010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 Attorneys