Montana § 32-3-606 Line Of Credit

Montana Statutes

§ 32-3-606 — Line Of Credit

Montana § 32-3-606

Title 32FINANCIAL INSTITUTIONS

Ch. 3CREDIT UNIONS

Part 6Loans and Insurance

This text of Montana § 32-3-606 (Line Of Credit) 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. § 32-3-606 (2026).

Text

32-3-606 . Line of credit. Upon their own motion or upon application by a member, the credit committee or credit manager may approve a line of credit in advance, and advances may be granted to each member within the limit of such extension of credit. Where a line of credit has been approved, no additional loan applications are required as long as the aggregate obligation does not exceed the limit of such extension of credit.

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32-3-606 . Line of credit. Upon their own motion or upon application by a member, the credit committee or credit manager may approve a line of credit in advance, and advances may be granted to each member within the limit of such extension of credit. Where a line of credit has been approved, no additional loan applications are required as long as the aggregate obligation does not exceed the limit of such extension of credit.