TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 1. BANKS AND TRUST COMPANIES

Part 3. Formation and Reorganization

Purpose

32-1-381. Purpose. The purpose of 32-1-383, 32-1-384, and this section is to:

(1) authorize interstate banking by the acquisition of existing banks within the framework of the "Douglas amendment" to the Bank Holding Company Act of 1956, 12 U.S.C. 1841 through 1850, as amended;

(2) provide a variety of banking alternatives in Montana in terms of the numbers and ownership of banks; and

(3) conform Montana statutes with the provision of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law 103-328, 108 Stat. 2338, effective September 29, 1994. Any inconsistencies between the provisions of 32-1-383, 32-1-384, and this section and Public Law 103-328 must be resolved in favor of Public Law 103-328.

History: En. Sec. 1, Ch. 401, L. 1993; amd. Sec. 5, Ch. 265, L. 1995; amd. Sec. 137, Ch. 42, L. 1997; amd. Sec. 3, Ch. 49, L. 2011; amd. Sec. 6, Ch. 49, L. 2013.