Montana § 32-4-101 Definitions

Montana Statutes

§ 32-4-101 — Definitions

Montana § 32-4-101

Title 32FINANCIAL INSTITUTIONS

Ch. 4DEVELOPMENT CORPORATION ACT

Part 1General Provisions

This text of Montana § 32-4-101 (Definitions) 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. § 32-4-101 (2026).

Text

32-4-101 . Definitions. As used in this chapter, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows:

(1)"board of directors"--the board of directors of a corporation created under this chapter;

(2)"corporation"--a Montana development corporation created under this chapter;

(3)"financial institution"--any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds;

(4)"loan limit"--for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this chapter;

(5)"member"--any

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32-4-101 . Definitions. As used in this chapter, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows:
(1) "board of directors"--the board of directors of a corporation created under this chapter;
(2) "corporation"--a Montana development corporation created under this chapter;
(3) "financial institution"--any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds;
(4) "loan limit"--for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this chapter;
(5) "member"--any financial institution authorized to do business within this state which shall undertake to lend money to a corporation created under this chapter, upon its call and in accordance with the provisions of this chapter.