Montana Statutes
§ 32-7-111 — Transferability
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 7 ESCROW BUSINESSES·Part 1 Regulation of Escrow Businesses
32-7-111 . Transferability. An escrow business license is not transferable or assignable. The provisions of this section apply to the change of ownership of a legal entity licensed as an escrow business under this part if the change of ownership involves a change of control in the entity. For purposes of this section, "change of control" means the transfer of 25% or more of the ownership interests in the entity.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 32-7-111 (Transferability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 7, Ch. 651, L. 1989; amd. Sec. 6, Ch. 216, L. 2013.
Nearby Sections
15
§ 32-7-101
Title And Purpose§ 32-7-102
Definitions§ 32-7-103
Exemptions§ 32-7-105
Through 32-7-107 Reserved§ 32-7-108
Department -- Powers And Duties§ 32-7-110
Fees§ 32-7-111
Transferability§ 32-7-112
Department Authority To Utilize Nationwide Licensing System For Licensing Escrow Businesses§ 32-7-113
And 32-7-114 Reserved§ 32-7-115
Maintenance Of Records§ 32-7-116
Statement Of Account§ 32-7-118
Through 32-7-120 Reserved