Montana Statutes
§ 35-21-851 — Director, Officer, Or Trustee Loans -- Penalties
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 21 MAUSOLEUM AND COLUMBARIUM AUTHORITIES·Part 8 Mausoleum-Columbarium Authorities
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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Legislative History
En. Sec. 27, Ch. 283, L. 1999.