Montana Code Annotated 2023

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 9. Operation and Regulation

No Certificate Of Deposit To Be Issued For Borrowed Money

32-2-907. No certificate of deposit to be issued for borrowed money. A mutual association may not issue its certificate of deposit for the purpose of borrowing money or make partial payments on any certificate of deposit.

History: En. Sec. 48, Ch. 431, L. 2021.