Montana § 35-21-851 Director, Officer, Or Trustee Loans -- Penalties

Montana Statutes

§ 35-21-851 — Director, Officer, Or Trustee Loans -- Penalties

Montana § 35-21-851

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 21MAUSOLEUM AND COLUMBARIUM AUTHORITIES

Part 8Mausoleum-Columbarium Authorities

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Bluebook

Mont. Code Ann. § 35-21-851 (2026).

Text

35-21-851 . Director, officer, or trustee loans -- penalties.

(1)A director or officer of the mausoleum-columbarium authority or trustee of the endowment care or special care fund may not borrow any endowment care or special care funds of the corporation, directly or indirectly.

(2)A director, officer, or trustee authorizing or consenting to a loan and the person who receives a loan in violation of this section are severally guilty of a misdemeanor.

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35-21-851 . Director, officer, or trustee loans -- penalties. (1) A director or officer of the mausoleum-columbarium authority or trustee of the endowment care or special care fund may not borrow any endowment care or special care funds of the corporation, directly or indirectly.
(2) A director, officer, or trustee authorizing or consenting to a loan and the person who receives a loan in violation of this section are severally guilty of a misdemeanor.

Legislative History

En. Sec. 27, Ch. 283, L. 1999.

Nearby Sections

15

§ 35-21-101

Text

Legislative History

Nearby Sections

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