Senate Bill No. 104

Introduced By beck, devaney

By Request of the department of Commerce

A Bill for an Act entitled: "An Act authorizing the department of commerce to examine the books and affairs of bank holding companies; and amending section

32-1-220, MCA."

Be it enacted by the Legislature of the State of Montana:

Section 1.  Section 32-1-220, MCA, is amended to read:

"32-1-220.   Examination of holding companies and affiliated entities. The division shall request assistance from and cooperate with the federal reserve system in the examination may examine the books and affairs of bank holding companies under the Bank Holding Company Act of 1956 in order to resolve issues relating to the safety and soundness of banks under the jurisdiction of the division."

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