Montana Statutes
§ 32-3-1008 — Concealing Actions From Directors
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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Legislative History
En. Sec. 4, Ch. 480, L. 2019.
Nearby Sections
15
§ 32-3-1001
And 32-3-1002 Reserved§ 32-3-1005
Theft Of Funds§ 32-3-1006
And 32-3-1007 Reserved§ 32-3-1008
Concealing Actions From Directors§ 32-3-1009
False Statement To Obtain Or Extend Loan§ 32-3-101
Short Title§ 32-3-1010
Through 32-3-1012 Reserved§ 32-3-102
Purposes -- Definitions§ 32-3-103
Use Of Name Exclusive§ 32-3-104
Office Facilities§ 32-3-105
Fiscal Year