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11 chapters · 538 sections in this title.
Mont. Code Ann. § 32-1-321 Calling Of First Meeting -- Cancellation Of Certificate
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When the formation of the corporation is completed under the provisions of this chapter by the issuance of the certificate of incorporation by the secretary of state, any three such incorporators signing the articles of agreement may call the first meeting of the corporation at s…
Mont. Code Ann. § 32-1-322 Board Of Directors -- Qualifications, Tenure, And Vacancies
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(1) The affairs of the bank must be managed by a board of directors consisting of no fewer than three persons. At least two-thirds of the board must be residents of Montana. Directors need not be shareholders of the corporation unless required by the articles of incorporation or …
Mont. Code Ann. § 32-1-325 Selection Of Officers And Employees -- Minutes Of Meetings
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(1) The board of directors of a bank shall hold a meeting at least quarterly. (2) The board of directors may elect a president, one or more vice-presidents, a cashier or treasurer, one or more assistant cashiers or treasurers, and other officers and employees that they may from t…
Mont. Code Ann. § 32-1-335 Purchase Or Loan Of Own Capital Stock Prohibited -- Exception
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A bank may not purchase or invest its capital or surplus or money of its depositors, or any part of either, in shares of its own capital stock or loan its capital or surplus or the money of its depositors, or any part of either, on shares of its own capital stock unless the purch…