Montana § 32-3-1008 Concealing Actions From Directors

Montana Statutes

§ 32-3-1008 — Concealing Actions From Directors

Montana § 32-3-1008

Title 32FINANCIAL INSTITUTIONS

Ch. 3CREDIT UNIONS

Part 10Penalties

This text of Montana § 32-3-1008 (Concealing Actions From Directors) 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. § 32-3-1008 (2026).

Text

32-3-1008 . Concealing actions from directors.

(1)An officer or employee of a credit union who intentionally conceals from the directors or a committee of the directors any of the actions under subsection (2) may be charged with a misdemeanor, and upon being found guilty or pleading guilty is subject for each offense to a term of not more than 12 months in the county jail or a fine by the department of administration of not more than $500, or both.

(2)The following actions intentionally concealed from the directors are violations of this chapter:

(a)providing a discount, an extension of credit, or a loan made on behalf of the credit union; or

(b)purchasing a security, selling any of the credit union's securities, or making any guarantee, repurchase agreement, or other agreement obligat

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32-3-1008 . Concealing actions from directors. (1) An officer or employee of a credit union who intentionally conceals from the directors or a committee of the directors any of the actions under subsection (2) may be charged with a misdemeanor, and upon being found guilty or pleading guilty is subject for each offense to a term of not more than 12 months in the county jail or a fine by the department of administration of not more than $500, or both.
(2) The following actions intentionally concealed from the directors are violations of this chapter:
(a) providing a discount, an extension of credit, or a loan made on behalf of the credit union; or
(b) purchasing a security, selling any of the credit union's securities, or making any guarantee, repurchase agreement, or other agreement obligating the credit union.