Montana Statutes
§ 32-3-406 — Compensation Of Officials
32-3-406 . Compensation of officials.
(1)An official of the credit union, other than the treasurer or an employee, may not be compensated for service in that position.
(2)For the purposes of this section, the following payments are allowed and are not considered compensation:
(a)necessary expenses incidental to the performance of official business of the credit union; or
(b)reasonable life, health, accident, and similar insurance protection for an official.
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Legislative History
En. 14-625 by Sec. 25, Ch. 38, L. 1975; R.C.M. 1947, 14-625; amd. Sec. 1044, Ch. 56, L. 2009; amd. Sec. 8, Ch. 317, L. 2015.
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