Montana § 32-4-305 Deposit Of Funds

Montana Statutes

§ 32-4-305 — Deposit Of Funds

Montana § 32-4-305

Title 32FINANCIAL INSTITUTIONS

Ch. 4DEVELOPMENT CORPORATION ACT

Part 3Operation and Regulation

This text of Montana § 32-4-305 (Deposit Of Funds) 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. § 32-4-305 (2026).

Text

32-4-305 . Deposit of funds.

(1)The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.

(2)The corporation shall not receive money on deposit.

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32-4-305 . Deposit of funds. (1) The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.
(2) The corporation shall not receive money on deposit.