Montana Code Annotated 2017

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 11. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS

Part 2. Licensure Procedures -- Board of Directors

Fees -- Special Revenue Account

32-11-203. Fees -- special revenue account. (1) A fee for filing an application with the department must be paid at the time the application is filed with the department and is not refundable. A person shall pay the department:

(a) $5,000 for filing an application for a license;

(b) $1,250 for filing an application for approval to acquire control of a licensee;

(c) $1,250 for filing an application for approval for a merger, purchase, or sale under 32-11-303. If two or more applications relating to the same merger, purchase, or sale are filed, the fee for filing each application is the figure resulting from dividing $1,250 by the number of the applications.

(2) A licensee shall pay $2,500 each calendar year at a time established by the department.

(3) The department shall establish by rule a fee for the examination of a licensee or an affiliate or subsidiary of a licensee. The fee must be paid within 30 days after receiving a statement from the department. A fee established under this subsection must include:

(a) the proportionate part of the salaries and cost of employee benefits of the examiners while conducting the examination and while preparing the examination report; and

(b) the transportation costs and per diem costs of each examiner while away from the examiner's place of employment.

(4) Fees collected under this section must be deposited in the special revenue account established in subsection (5).

(5) There is a special revenue account to the credit of the department for use in administering this chapter.

History: En. Sec. 31, Ch. 411, L. 2007.