Montana Statutes
§ 32-2-905 — Extent That Assets May Be Pledged
Montana § 32-2-905
JurisdictionMontana
Title 32FINANCIAL INSTITUTIONS
Ch. 2MUTUAL SAVINGS AND LOAN ASSOCIATIONS
Part 9Operation and Regulation
This text of Montana § 32-2-905 (Extent That Assets May Be Pledged) 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. § 32-2-905 (2026).
Text
32-2-905 . Extent that assets may be pledged. No mutual association, mutual association employee, or mutual association officer, except as otherwise authorized by law, may pledge or hypothecate as collateral security for money borrowed its assets in a ratio exceeding 1 1/2 times the amount borrowed, except as otherwise authorized in writing by the department.
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Legislative History
En. Sec. 46, 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Repealed§ 32-2-1010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 § 32-2-905, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/2/32-2-905.