Montana § 32-3-216 Conducting Business Outside This State

Montana Statutes

§ 32-3-216 — Conducting Business Outside This State

Montana § 32-3-216

Title 32FINANCIAL INSTITUTIONS

Ch. 3CREDIT UNIONS

Part 2Regulation

This text of Montana § 32-3-216 (Conducting Business Outside This State) 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. § 32-3-216 (2026).

Text

32-3-216 . Conducting business outside this state.

(1)A credit union chartered under this chapter may conduct business outside of this state in other states or territories where it is permitted to conduct business as a credit union, under conditions substantially similar to the provisions of this chapter.

(2)If another state or territory's credit union laws or regulations allow credit unions operating in that state or territory to exercise additional powers not allowed in this state, the credit union conducting business outside this state may request permission from the department of administration to exercise those additional powers while operating in that state.

(3)Upon request for approval to exercise a power not allowed in this state, submitted by certified mail, return receipt requ

Free access — add to your briefcase to read the full text and ask questions with AI

32-3-216 . Conducting business outside this state. (1) A credit union chartered under this chapter may conduct business outside of this state in other states or territories where it is permitted to conduct business as a credit union, under conditions substantially similar to the provisions of this chapter.
(2) If another state or territory's credit union laws or regulations allow credit unions operating in that state or territory to exercise additional powers not allowed in this state, the credit union conducting business outside this state may request permission from the department of administration to exercise those additional powers while operating in that state.
(3) Upon request for approval to exercise a power not allowed in this state, submitted by certified mail, return receipt requested, the department shall respond with a determination in not more than 60 days. For good cause shown within the 60-day period, the department may extend the response period for an additional 30 days. If a response is not received within 60 days or 90 days, as applicable, the requesting credit union may exercise the power.