Montana Code 32-2-1217. Violation of notice or final order — penalties
32-2-1217. Violation of notice or final order — penalties. Any present or former board member or officer of an institution or any other person against whom an outstanding and effective notice or final order has been served pursuant to 32-2-1205, 32-2-1207, or 32-2-1208 is subject to the penalties in 32-2-607(5) if the individual:
Terms Used In Montana Code 32-2-1217
- Board member: means a member of the board of directors of the institution. See Montana Code 32-2-1201
- Commissioner: means the commissioner of banking and financial institutions as provided in 32-1-211. See Montana Code 32-2-603
- Institution: means a state mutual association. See Montana Code 32-2-1201
- Member: means all holders of the mutual association's savings, demand, including other authorized members on accounts. See Montana Code 32-2-603
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)participates in any manner in the conduct of the affairs of the institution;
(2)directly or indirectly solicits, procures, transfers, or attempts to transfer votes or attempts to vote any proxies, consents, or authorizations in respect to any voting rights in the institution; or
(3)without the prior written approval of the commissioner, votes for a board member or serves as a board member, officer, or employee of the institution.