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11 chapters · 538 sections in this title.
Mont. Code Ann. § 32-2-1001 Dissolution And Disincorporation
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(1) Mutual associations may be dissolved in the manner provided by the laws of this state applicable to the dissolution of other corporations. However, a mutual association may, on a vote of two-thirds of its members at a special meeting called for that purpose in accordance with…
Mont. Code Ann. § 32-2-1002 Grounds For Closing Mutual Association
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(1) If it appears to the department that any of the following situations have occurred, the department may, in its discretion, close the mutual association and take possession of all of the books, records, assets, and business of every description of the mutual association and ho…
Mont. Code Ann. § 32-2-1003 When Mutual Association Insolvent
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A mutual association is insolvent within the meaning of this chapter when its capital is absorbed in losses and the remaining assets are not sufficient to pay and discharge its contracts, debts, and engagements.
Mont. Code Ann. § 32-2-1004 Deposits In Insolvent Mutual Associations
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(1) Except as otherwise provided by the Uniform Commercial Code, whenever a mutual association is insolvent in the manner set forth in this chapter, the mutual association may not accept or receive on deposit any money, financial bills or notes, United States treasury notes or cu…