Montana Code 32-3-1009. False statement to obtain or extend loan
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32-3-1009. False statement to obtain or extend loan. An individual may be fined by the department of administration not more than $1,000 for each false statement made:
Terms Used In Montana Code 32-3-1009
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)to obtain for the individual or for another person, a firm, a corporation, or an association a loan of money from a credit union;
(2)to gain an extension of time for the payment of a debt owed to the credit union; or
(3)to extend credit to a customer.