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Montana Title 32. Financial Institutions § 32-2-1201. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

As used in this part, the following definitions apply:

(1) “Board member” means a member of the board of directors of the institution.

(2) “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.

(3) “Institution” means a state mutual association.

(4) “Violation” includes without limitation any action, alone or with others, that causes, counsels, aids, or abets a violation.

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Cite this article: FindLaw.com - Montana Title 32. Financial Institutions § 32-2-1201. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-32-financial-institutions/mt-st-32-2-1201/

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