§ 32-2-1201 Definitions
§ 32-2-1202 Notice of charges — hearing — cease and desist order — effective date
§ 32-2-1203 Informal conferences — time for application
§ 32-2-1204 Temporary cease and desist order — grounds for issuance — effective date — injunctive relief
§ 32-2-1205 Notice of intention to remove board member or officer — prohibiting participation — suspension
§ 32-2-1206 Informal conferences — time for application
§ 32-2-1207 Suspension or prohibition effective on service — stay
§ 32-2-1208 Felony charges — suspension or prohibition
§ 32-2-1213 Board of directors — lack of quorum — temporary board members
§ 32-2-1214 Hearings — decision — review, modification, termination, or stay of orders
§ 32-2-1215 Notices and orders — manner of service — copies to federal authorities
§ 32-2-1216 Enforcement of notices or orders
§ 32-2-1217 Violation of notice or final order — penalties

Terms Used In Montana Code > Title 32 > Chapter 2 > Part 12 - Removal of Directors or Officers

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Board member: means a member of the board of directors of the institution. See Montana Code 32-2-1201
  • Cease and desist order that has become final: means a cease and desist order or an order with respect to which:

    (a)a timely petition for review of the action has not been filed; or

    (b)the action of the court in which a petition for review has been filed is not subject to further review by the courts of the state. 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
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Department: means the department of administration provided for in 2-15-1001. See Montana Code 32-2-603
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Institution: means a state mutual association. See Montana Code 32-2-1201
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Member: means all holders of the mutual association's savings, demand, including other authorized members on accounts. 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
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
  • Quorum: The number of legislators that must be present to do business.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Violation: includes without limitation any action, alone or with others, that causes, counsels, aids, or abets a violation. See Montana Code 32-2-1201