Montana Statutes
§ 32-4-101 — Definitions
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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Legislative History
En. Sec. 2, Ch. 128, L. 1969; R.C.M. 1947, 15-2602; amd. Sec. 1, Ch. 320, L. 1983.
Nearby Sections
15
§ 32-4-101
Definitions§ 32-4-102
Purpose§ 32-4-104
Application Of Corporation Law§ 32-4-202
Duration§ 32-4-203
Certificate Of Incorporation§ 32-4-204
Effect Of Failure To Commence Business§ 32-4-205
Amendment Of Articles Of Incorporation§ 32-4-206
Board Of Directors§ 32-4-207
First Meeting Of Corporation§ 32-4-208
Stock Ownership And Limitations§ 32-4-301
Powers Of Stockholders§ 32-4-303
Withdrawal Of Membership