Montana Code 32-2-1033. Notice of mutual association closing
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32-2-1033. Notice of mutual association closing. A mutual association closing an office under authority granted under 32-2-1032 shall give to the department as prompt notice of its action as conditions will permit and by any means available. In the case of a federal savings association, the notice must be given to the comptroller of the currency.
Terms Used In Montana Code 32-2-1033
- Department: means the department of administration provided for in 2-15-1001. See Montana Code 32-2-603
- Federal savings association: means a federal savings and loan association or a federal savings bank doing business under authority granted by the office of the comptroller of the currency or the former office of thrift supervision. See Montana Code 32-2-603
- Mutual association: means any corporation that has been incorporated to conduct the business of receiving money on deposit from its members and making substantially all of its loans on one-to-four family real estate mortgage security. See Montana Code 32-2-603