Montana § 32-2-914 Acceptance And Issuance Of Drafts -- Rulemaking

Montana Statutes

§ 32-2-914 — Acceptance And Issuance Of Drafts -- Rulemaking

Montana § 32-2-914

Title 32FINANCIAL INSTITUTIONS

Ch. 2MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 9Operation and Regulation

This text of Montana § 32-2-914 (Acceptance And Issuance Of Drafts -- Rulemaking) 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. § 32-2-914 (2026).

Text

32-2-914 . Acceptance and issuance of drafts -- rulemaking.

(1)A mutual association organized and existing under state law may accept for payment at a future date drafts drawn on it by its customers authorizing the holders of the drafts to draw drafts on it or its correspondents at sight or on time of the total amount of drafts accepted for any one person, firm, or corporation that does not at any one time exceed 20% of the capital of the accepting or issuing financial institution.

(2)The department may adopt rules to implement this section.

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32-2-914 . Acceptance and issuance of drafts -- rulemaking. (1) A mutual association organized and existing under state law may accept for payment at a future date drafts drawn on it by its customers authorizing the holders of the drafts to draw drafts on it or its correspondents at sight or on time of the total amount of drafts accepted for any one person, firm, or corporation that does not at any one time exceed 20% of the capital of the accepting or issuing financial institution.
(2) The department may adopt rules to implement this section.