Montana § 32-3-303 Amendments

Montana Statutes

§ 32-3-303 — Amendments

Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 3 CREDIT UNIONS·Part 3 Organization, Membership, and Dissolution

32-3-303 . Amendments.

(1)The articles of incorporation or the bylaws may be amended as provided in the bylaws. Amendments to the articles of incorporation or bylaws must be submitted, by certified mail, return receipt requested, to the department of administration, which shall approve or disapprove the amendments within 60 days.

(2)Amendments become effective upon:

(a)approval in writing by the department, for which a fee may not be charged; and

(b)in the case of articles of incorporation, filing with the secretary of state.

(3)If the department does not approve or disapprove the amendments within the 60-day period, the amendments must be considered approved, except that the department may extend the approval period for an additional 30 days for good cause as stated in a written noti

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32-3-303 . Amendments. (1) The articles of incorporation or the bylaws may be amended as provided in the bylaws. Amendments to the articles of incorporation or bylaws must be submitted, by certified mail, return receipt requested, to the department of administration, which shall approve or disapprove the amendments within 60 days.
(2) Amendments become effective upon:
(a) approval in writing by the department, for which a fee may not be charged; and
(b) in the case of articles of incorporation, filing with the secretary of state.
(3) If the department does not approve or disapprove the amendments within the 60-day period, the amendments must be considered approved, except that the department may extend the approval period for an additional 30 days for good cause as stated in a written notice given to the credit union within the original 60-day period.

Montana § 32-3-303 (Amendments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. 14-605 by Sec. 5, Ch. 38, L. 1975; amd. Sec. 32, Ch. 71, L. 1977; R.C.M. 1947, 14-605; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 89, Ch. 483, L. 2001; amd. Sec. 15, Ch. 237, L. 2003.