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Current as of January 01, 2024 | Updated by FindLaw Staff
A bank may place its affairs and assets under the control and in the possession of the department by posting a notice on the front door of the bank indicating that it is in the possession of the department. The notice shall be signed by a majority of the directors in office of the bank. Immediately upon the posting of the notice by a bank, it shall notify the department of its action.
Cite this article: FindLaw.com - Montana Title 32. Financial Institutions § 32-1-511. Bank may be placed in department's possession - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-32-financial-institutions/mt-code-ann-sect-32-1-511/
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