Montana § 32-2-935 Fraud By Director, Officer, Agent, Or Employee

Montana Statutes

§ 32-2-935 — Fraud By Director, Officer, Agent, Or Employee

Montana § 32-2-935

Title 32FINANCIAL INSTITUTIONS

Ch. 2MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 9Operation and Regulation

This text of Montana § 32-2-935 (Fraud By Director, Officer, Agent, Or Employee) 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. § 32-2-935 (2026).

Text

32-2-935 . Fraud by director, officer, agent, or employee. A director, executive officer, agent, or employee of a mutual association is guilty of a felony if that person:

(1)knowingly receives or takes possession of any mutual association property, except in payment for a just demand, and with intent to defraud:

(a)fails to make or fails to cause or direct to be made a full and true entry of the receipt or possession in its books and account; or

(b)concurs in failing to make any material entry in its books and account;

(2)knowingly concurs in making or publishing any written report, exhibit, or statement of its affairs or pecuniary condition containing any material statement that is false; or

(3)having the custody of control of its books, willfully refuses or neglects to make a proper

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32-2-935 . Fraud by director, officer, agent, or employee. A director, executive officer, agent, or employee of a mutual association is guilty of a felony if that person:
(1) knowingly receives or takes possession of any mutual association property, except in payment for a just demand, and with intent to defraud:
(a) fails to make or fails to cause or direct to be made a full and true entry of the receipt or possession in its books and account; or
(b) concurs in failing to make any material entry in its books and account;
(2) knowingly concurs in making or publishing any written report, exhibit, or statement of its affairs or pecuniary condition containing any material statement that is false; or
(3) having the custody of control of its books, willfully refuses or neglects to make a proper entry in the books of that mutual association as required by law, to exhibit the books, or to allow the books to be inspected and extracts to be taken from them by the department.