reglab/housing_qa huggingface dataset:
MT Code § 32-2-1203 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1203. Informal conferences -- time for application

  32-2-1203. Informal conferences -- time for application. Within 15 days after service of the notice of charges, either the institution or the department may request an informal conference to discuss the charges and the possible disposition of the charges without a formal hearing process. The conference must be carried out in accordance with the provisions of 2-4-603. Upon a proper showing, the department may withdraw charges and proceedings for a cease and desist order.  History: En. Sec. 125, Ch. 431, L. 2021.
MT Code § 32-2-1204 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1204. Temporary cease and desist order -- grounds for issuance -- effective date -- injunctive relief

  32-2-1204. Temporary cease and desist order -- grounds for issuance -- effective date -- injunctive relief. (1) (a) Whenever the department determines that any violation or threatened violation or any unsafe or unsound practice specified in the notice of charges served on the institution pursuant to 32-2-1202(1) or the continuation is likely to cause insolvency or substantial dissipation of assets or earnings of the institution or is likely to otherwise seriously prejudice the interests of its depositors, the department may issue a temporary order requiring the institution to cease and desist from the violation or practice.  (b) The order must contain a statement of the facts constituting the alleged violation or unsafe or unsound practice.   (c) The order is effective upon service of the order on the institution and, unless set aside, limited, or suspended by a court in proceedings authorized by subsection (2), remains effective and enforceable until the completion of the administrative proceedings pursuant to the notice of charges, until the department dismisses the charges specified in the notice, or until a cease and desist order that is issued against the institution after the hearing becomes effective.   (2) Within 14 days after the institution has been served with a temporary cease and desist order, the institution may apply to the district court for the county in which the home office of the institution is located for an injunction setting aside, limiting, or suspending the enforcement, operation, or effectiveness of the order pending the completion of the administrative proceedings held pursuant to the notice of charges served on the institution under 32-2-1202(1). The court has jurisdiction to issue the injunction.   History: En. Sec. 126, Ch. 431, L. 2021.
MT Code § 32-2-1206 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1206. Informal conferences -- time for application

  32-2-1206. Informal conferences -- time for application. Within 15 days after service of the notice of charges sent pursuant to 32-2-1205, the board member, officer, or other person may request an informal conference to discuss the charges and the possible disposition of the charges without a formal hearing process. The conference must be carried out in accordance with 2-4-603. Upon a proper showing, the department may withdraw charges and proceedings for a cease and desist order.  History: En. Sec. 128, Ch. 431, L. 2021.
MT Code § 32-2-1207 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1207. Suspension or prohibition effective on service -- stay

  32-2-1207. Suspension or prohibition effective on service -- stay. (1) (a) With respect to any board member, officer, or other person of an institution to whom notice is sent pursuant to 32-2-1205, if the department considers it necessary for the protection of the institution or the interests of its depositors that the individual be suspended from office or prohibited from further participation in any manner in the conduct of the affairs of the institution, the department may serve on the individual a written notice suspending the individual from office or prohibiting the individual from further participation in any manner in the conduct of the affairs of the institution.  (b) The notice must contain a statement of the facts constituting grounds for the order and must fix a time, not later than 14 days from the date of the service of the notice, at which a hearing will be held to afford the individual the opportunity to respond.   (c) The suspension or prohibition is effective on service of the notice, and unless stayed by a court in proceedings authorized by subsection (2), remains in effect until:   (i) the completion of the administrative proceedings pursuant to the notice served under 32-2-1204;   (ii) the department dismisses the charges specified in the notice; or   (iii) the order of removal or prohibition that is issued against the board member, officer, or other person becomes effective.   (d) Copies of the notice must also be served on the institution of which the individual is a director or officer or in the conduct of whose affairs the individual has participated.   (2) Within 14 days after the hearing provided for in subsection (1), the board member, officer, or other person may apply to the district court for the county in which the home office of the institution is located for a stay of the suspension or prohibition pending the completion of the administrative proceedings pursuant to the notice served on the individual under 32-2-1204. The court has jurisdiction to stay the suspension or prohibition.   History: En. Sec. 129, Ch. 431, L. 2021.
MT Code § 32-2-1208 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1208. Felony charges -- suspension or prohibition

  32-2-1208. Felony charges -- suspension or prohibition. (1) (a) If a board member, officer, or other person participating in the conduct of the affairs of an institution is charged in any information, indictment, warrant, or complaint authorized by a county, state, or federal authority with the commission of or participation in a felony involving dishonesty or breach of trust, the department by written notice served on the individual may suspend that individual from office or prohibit that individual from further participation in any manner in the conduct of the affairs of the institution. Suspension is effective upon service on the individual.  (b) The notice must contain a statement of the facts constituting grounds for the order and must fix a place and time, not later than 14 days from the date of the notice, at which a hearing will be held to afford the individual the opportunity to respond. A copy of the notice must also be served on the institution.   (c) The suspension or prohibition remains in effect until the information, indictment, warrant, or complaint is finally disposed of or until terminated by the commissioner.   (2) Within 14 days after the hearing provided for in subsection (1), the board member, officer, or other person may apply to the district court for the county in which the home office of the institution is located for a stay of the suspension or prohibition pending the completion of the criminal proceedings initiated by the information, indictment, warrant, or complaint. The court has jurisdiction to stay the suspension or prohibition.   (3) (a) If a judgment of conviction with respect to the offense is entered against the board member, officer, or other person and at the time that the judgment is not subject to further appellate review, the department may issue and serve on the individual an order removing that individual from office or prohibiting that individual from further participation in any manner in the conduct of the affairs of the institution except with the consent of the commissioner. A copy of the order must also be served on the institution, and upon receipt the board member or officer, if applicable, ceases to be a board member or officer of the institution.   (b) A finding of not guilty or other disposition of the charge does not preclude the department from instituting proceedings to suspend or remove the individual from office or to prohibit further participation in the affairs of the institution pursuant to 32-2-1205 and 32-2-1206.   History: En. Sec. 130, Ch. 431, L. 2021.
MT Code § 32-2-1209 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1209. through 32-2-1212 reserved

  32-2-1209 through 32-2-1212 reserved.
MT Code § 32-2-1213 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1213. Board of directors -- lack of quorum -- temporary board members

  32-2-1213. Board of directors -- lack of quorum -- temporary board members. (1) If at any time because of the suspension or removal of one or more board members pursuant to this part the board of directors of an institution has less than a quorum of board members not suspended or removed, all powers and functions vested in or exercisable by the board vest in and are exercisable by the board members not suspended or removed until a time when there is a quorum of the board members.  (2) If all of the board members have been suspended or removed, the commissioner shall appoint persons to serve temporarily as board members, pending the termination of the suspensions or removals or until a time when their successors are duly elected and take office.   History: En. Sec. 131, Ch. 431, L. 2021.
MT Code § 32-2-1214 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1214. Hearings -- decision -- review, modification, termination, or stay of orders

  32-2-1214. Hearings -- decision -- review, modification, termination, or stay of orders. (1) A hearing provided for in this part must be conducted in accordance with the provisions of the Montana Administrative Procedure Act. The hearing must be private unless the commissioner, after fully considering the views of the party afforded the hearing, determines that a public hearing is necessary to protect the public interest. Within 90 days after the case has been submitted for final decision, the hearings examiner shall render a decision, which must include findings of fact on which the decision is based. The commissioner shall comply with 2-4-623 and issue and serve on each party to the proceeding an order consistent with the provisions of this section.  (2) (a) Any party to the hearing or any person required by an order issued under this part to cease and desist from any of the violations or practices stated in the order or any person suspended, removed, or prohibited from participation in the conduct of the affairs of an institution may obtain a review of any order, other than a consent order. The review must be pursuant to the Montana Administrative Procedure Act.   (b) Unless a petition for review is timely filed as provided in the Montana Administrative Procedure Act, the commissioner, at any time, on notice and in a manner that the commissioner considers proper, may modify, terminate, or set aside the order. Upon the timely filing of a petition for review, the commissioner may modify, terminate, or set aside the order with the permission of the court.   History: En. Sec. 132, Ch. 431, L. 2021.
MT Code § 32-2-1215 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1215. Notices and orders -- manner of service -- copies to federal authorities

  32-2-1215. Notices and orders -- manner of service -- copies to federal authorities. Any service required or authorized to be made by the department pursuant to this part must be made on individual board members and officers by personal service and may be made on institutions by registered or certified mail or common courier with tracking capability or in any manner reasonably calculated to give actual notice as the department by rule or otherwise may provide. Copies of any notice or order served by the commissioner pursuant to the provisions of this part on any institution or any board member, officer, or other person participating in the conduct of the institution's affairs may also be sent to the appropriate federal supervisory authorities.  History: En. Sec. 133, Ch. 431, L. 2021.
MT Code § 32-2-1216 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|32-2-1216. Enforcement of notices or orders

  32-2-1216. Enforcement of notices or orders. The commissioner may apply to the district court of the county in which the home office of the institution is located or to the district court for Lewis and Clark County for the enforcement of any effective and outstanding notice or order issued under this part. The court has jurisdiction to require compliance.  History: En. Sec. 134, Ch. 431, L. 2021.
MT Code § 32-2-1217 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 2. Mutual Savings and Loan Associations|Part 12. Removal of Directors or Officers|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:  (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.   History: En. Sec. 135, Ch. 431, L. 2021.
MT Code § 32-3-101 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-101. Short title

  32-3-101. Short title. This chapter shall be known and may be cited as the "Montana Credit Union Act".   History: En. 14-601 by Sec. 1, Ch. 38, L. 1975; R.C.M. 1947, 14-601.
MT Code § 32-3-102 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-102. Purposes -- definitions

  32-3-102. Purposes -- definitions. (1) The purposes of a credit union are to:   (a) encourage thrift among its members;   (b) create a source of credit at a fair and reasonable rate of interest; and   (c) provide an opportunity for the credit union's members to use and control their own money in order to improve their economic and social condition.   (2) For the purposes of this chapter, unless the context requires otherwise, the following definitions apply:   (a) "Credit union" means a cooperative, nonprofit association incorporated under the laws of this state pursuant to this chapter for the purposes described in subsection (1).   (b) "Immediate family" means a spouse, a child, a sibling, a parent, a grandparent, or a grandchild and includes stepparents, stepchildren, stepsiblings, and adoptive relationships.   (c) "Membership shares" means a fee paid to the credit union to be a member. The fee is held by the credit union and may be invested by the credit union. The fee must be set in the bylaws of the credit union.   (d) "Official" means a member of the board of directors, supervisory committee, or credit committee of the credit union and includes individuals elected by the board of directors to serve as executive officers described in 32-3-408.   (e) "Shares" means a balance of funds, minus membership shares, held by a credit union and established in accordance with standards specified by the credit union. The term includes general references to shares as well as share accounts, share certificates, share draft accounts, custodial accounts, individual retirement accounts, payable on death accounts, trust accounts, money market accounts, share checking accounts, and business share accounts.   History: En. 14-602 by Sec. 2, Ch. 38, L. 1975; R.C.M. 1947, 14-602; amd. Sec. 1, Ch. 317, L. 2015.
MT Code § 32-3-103 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-103. Use of name exclusive

  32-3-103. Use of name exclusive. (1) The name of any credit union organized under this chapter must include the phrase "credit union". A credit union may not adopt a name either identical to the name of any other credit union doing business in this state or so similar as to be misleading or to cause confusion.   (2) A person, other than a credit union organized under the provisions of this chapter or of any other credit union act or an organization or corporation whose membership or ownership is primarily limited to credit unions or credit union organizations, may not use a name or title containing the words "credit union" or any derivation of the words "credit union", and the person may not represent that the person is a credit union and may not conduct business as a credit union.   (3) A person who violates a provision of this section shall be fined not more than $500 or imprisoned not more than 1 year, or both, and may be permanently enjoined from further violation of the provisions of this section.   History: En. 14-606 by Sec. 6, Ch. 38, L. 1975; R.C.M. 1947, 14-606; amd. Sec. 1, Ch. 237, L. 2003.
MT Code § 32-3-104 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-104. Office facilities

  32-3-104. Office facilities. (1) A credit union may change its place of business within this state upon written notice to the department of administration.   (2) A credit union may share office space with one or more credit unions and contract with any person or corporation to provide facilities or personnel.   (3) A credit union may maintain, upon prior written notice to the department, additional offices at locations other than its principal place of business if the purpose of maintaining the additional offices is to furnish service to its members.   (4) The department shall approve any additional office unless a compelling reason for disapproval is found by the department. Competition with other financial institutions is not a sufficiently compelling reason for disapproval.   (5) If the department disapproves an additional office, the credit union must be afforded an opportunity for a hearing according to Title 2, chapter 4, part 6. The purpose of the hearing is to determine whether a compelling reason exists for disapproval of the additional office.   History: En. 14-607 by Sec. 7, Ch. 38, L. 1975; R.C.M. 1947, 14-607; amd. Sec. 1, Ch. 140, L. 1981; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 83, Ch. 483, L. 2001.
MT Code § 32-3-105 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-105. Fiscal year

  32-3-105. Fiscal year. The fiscal year of each credit union organized under this chapter shall end on December 31.   History: En. 14-608 by Sec. 8, Ch. 38, L. 1975; R.C.M. 1947, 14-608.
MT Code § 32-3-106 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 1. General Provisions|32-3-106. Establishment of a student financial institution

  32-3-106. Establishment of a student financial institution. Credit unions may establish a school financial institution, as defined in 32-1-115 and in accordance with 32-1-115.   History: En. 14-675 by Sec. 75, Ch. 38, L. 1975; R.C.M. 1947, 14-675; amd. Sec. 5, Ch. 340, L. 2003; amd. Sec. 28, Ch. 75, L. 2019.
MT Code § 32-3-201 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 2. Regulation|32-3-201. Department of administration

  32-3-201. Department of administration. (1) The department of administration shall administer the laws of this state relating to credit unions. The department may appoint or employ special assistants, deputies, examiners, or other employees that are necessary for the purpose of administering or enforcing this chapter.   (2) The department may adopt rules for the administration of this chapter and may establish chartering, supervisory, and examination fees. Fees collected must be deposited in the state special revenue fund for the use of the department in its supervision function.   (3) The department shall adopt rules prescribing the minimum amount of surety bond coverage and casualty, liability, and fire insurance required of credit unions in relation to their assets or to the money and other personal property involved or their exposure to risk.   (4) The department may enter into agreements with other states establishing the division of supervisory responsibilities between the state in which a credit union is organized and the state or states in which the credit union's branches may be located.   History: En. 14-609 by Sec. 9, Ch. 38, L. 1975; R.C.M. 1947, 14-609; amd. Sec. 5, Ch. 600, L. 1985; amd. Sec. 84, Ch. 483, L. 2001; amd. Sec. 4, Ch. 237, L. 2003.
MT Code § 32-3-202 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 2. Regulation|32-3-202. Reports

  32-3-202. Reports. (1) Credit unions organized under this chapter shall report to the department of administration annually on or before February 1 on forms supplied by the department for that purpose. Additional reports may be required.   (2) A fine of $5 for each day a report is in arrears must be levied against the offending credit union unless it is excused for cause by the department.   History: En. 14-610 by Sec. 10, Ch. 38, L. 1975; R.C.M. 1947, 14-610; amd. Sec. 5, Ch. 237, L. 2003.
MT Code § 32-3-203 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 3. Credit Unions|Part 2. Regulation|32-3-203. Examinations

  32-3-203. Examinations. (1) The department of administration shall examine or cause to be examined each credit union on a schedule determined by the department. Each credit union and all of its officers and agents shall give representatives of the department full access to all books, papers, securities, records, and other sources of information under their control. For the purpose of the examination, the representatives may subpoena witnesses, administer oaths, compel the giving of testimony, and require the submission of documents.   (2) A report of the examination must be forwarded to the executive officer of each credit union promptly after completion. The report must contain comments relative to the management of the affairs of the credit union and also as to the general condition of its assets. Within 60 days after the receipt of the report, the directors and committee members shall meet to consider matters contained in the report.   (3) In lieu of making an examination of a credit union, the department may accept an audit report of the condition of the credit union made by an auditor approved by the department. The cost of the audit must be borne by the credit union.   History: En. 14-611 by Sec. 11, Ch. 38, L. 1975; R.C.M. 1947, 14-611; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 85, Ch. 483, L. 2001; amd. Sec. 1, Ch. 64, L. 2003; amd. Sec. 6, Ch. 237, L. 2003.