Montana § 32-2-931 Persons Previously Convicted -- Rulemaking

Montana Statutes

§ 32-2-931 — Persons Previously Convicted -- Rulemaking

Montana § 32-2-931

Title 32FINANCIAL INSTITUTIONS

Ch. 2MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 9Operation and Regulation

This text of Montana § 32-2-931 (Persons Previously Convicted -- 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. § 32-2-931 (2026).

Text

32-2-931 . Persons previously convicted -- rulemaking.

(1)Unless the commissioner provides written consent:

(a)a person who has been convicted of a criminal offense involving dishonesty or a breach of trust or money laundering or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense may not:

(i)become or continue as an institution-affiliated party with respect to any mutual association;

(ii)own or control, directly or indirectly, any mutual association; or

(iii)otherwise participate, directly or indirectly, in the conduct of the affairs of any mutual association; and

(b)a mutual association may not permit any person referred to in subsection (1)(a) to engage in any conduct or continue any relationship prohibited unde

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32-2-931 . Persons previously convicted -- rulemaking. (1) Unless the commissioner provides written consent:
(a) a person who has been convicted of a criminal offense involving dishonesty or a breach of trust or money laundering or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense may not:
(i) become or continue as an institution-affiliated party with respect to any mutual association;
(ii) own or control, directly or indirectly, any mutual association; or
(iii) otherwise participate, directly or indirectly, in the conduct of the affairs of any mutual association; and
(b) a mutual association may not permit any person referred to in subsection (1)(a) to engage in any conduct or continue any relationship prohibited under subsection (1)(a).
(2) A person who knowingly violates subsection (1)(a) is subject to the penalties in 32-2-607 (5).
(3) The commissioner may adopt rules to implement this section.