1. MCA Contents
  2. TITLE 32
  3. CHAPTER 2
  4. Part 10
  5. 32-2-1003 When mutual association insolvent

Montana Code Annotated 2023

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 10. Dissolution, Closing, and Liquidation

When Mutual Association Insolvent

32-2-1003. When mutual association insolvent. 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.

History: En. Sec. 90, Ch. 431, L. 2021.