reglab/housing_qa huggingface dataset:
MT Code § 31-3-152 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 3. Related Credit Practices|Part 1. Consumer Reporting Agencies|31-3-152. Rules

  31-3-152. Rules. The department of administration shall enforce this part and adopt rules necessary to carry out the intent of this part.   History: En. 18-520 by Sec. 20, Ch. 547, L. 1975; R.C.M. 1947, 18-520; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 2, Ch. 543, L. 1985; amd. Sec. 3, Ch. 418, L. 1989; amd. Sec. 73, Ch. 483, L. 2001.
MT Code § 31-3-153 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 3. Related Credit Practices|Part 1. Consumer Reporting Agencies|31-3-153. Violation

  31-3-153. Violation. For the purposes of this part, a violation of this law would be in violation of Title 30, chapter 14, part 1.   History: En. 18-521 by Sec. 21, Ch. 547, L. 1975; R.C.M. 1947, 18-521.
MT Code § 31-3-201 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 3. Related Credit Practices|Part 2. Debt Adjusting (Repealed)|31-3-201. Repealed

  31-3-201. Repealed. Sec. 10, Ch. 272, L. 2005.   History: En. Sec. 1, Ch. 300, L. 1969; R.C.M. 1947, 18-401.
MT Code § 31-3-202 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 3. Related Credit Practices|Part 2. Debt Adjusting (Repealed)|31-3-202. Repealed

  31-3-202. Repealed. Sec. 10, Ch. 272, L. 2005.   History: En. Sec. 2, Ch. 300, L. 1969; R.C.M. 1947, 18-402.
MT Code § 31-3-203 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 3. Related Credit Practices|Part 2. Debt Adjusting (Repealed)|31-3-203. Repealed

  31-3-203. Repealed. Sec. 10, Ch. 272, L. 2005.   History: En. Sec. 3, Ch. 300, L. 1969; amd. Sec. 2, Ch. 185, L. 1977; R.C.M. 1947, 18-403; amd. Sec. 1, Ch. 295, L. 1989; amd. Sec. 74, Ch. 483, L. 2001.
MT Code § 32-1-101 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-101. Short title -- application -- purpose

  32-1-101. Short title -- application -- purpose. (1) Parts 1 through 5 of this chapter may be known as the "Bank Act".   (2) The Bank Act is applicable to:   (a) all corporations and persons specified in 32-1-102;   (b) corporations that subject themselves to the Bank Act; and   (c) persons, partnerships, or corporations who by violating the Bank Act become subject to the penalties provided in the Bank Act.   (3) (a) The purpose of the Bank Act is to provide Montana with a sound system of state-chartered banks by providing for and encouraging the development of state-chartered banks while restricting their activities to the extent necessary to protect the interests of depositors. The purpose includes:   (i) the sound conduct of the business of banks;   (ii) the conservation of bank assets;   (iii) the maintenance of adequate reserves against deposits;   (iv) the opportunity for banks to compete with other businesses, including but not limited to other financial organizations existing under the laws of this state, other states, the United States, and foreign countries;   (v) the opportunity for banks to serve the citizens of this state;   (vi) the opportunity for banks to participate in and promote the economic progress of Montana and the United States;   (vii) the opportunity for the management of banks to exercise business judgment in conducting the affairs of their institutions; and   (viii) modernization and simplification of the law governing banking by providing that banks have all the rights and powers granted corporations, except as otherwise provided in this chapter.   (b) The Bank Act does not restrict the activities of banks for the purpose of protecting any person from competition from banks and does not confer any right or cause of action upon any competitor.   (c) The purpose contained in this subsection (3) constitutes the standards to be observed by the commissioner of banking and financial institutions in the exercise of authority under the Bank Act and provides guidelines in the construction and application of the Bank Act.   History: En. Sec. 1, Ch. 89, L. 1927; re-en. Sec. 6014.1, R.C.M. 1935; R.C.M. 1947, 5-101; amd. Sec. 4, Ch. 395, L. 1993; amd. Sec. 74, Ch. 382, L. 1997; amd. Sec. 10, Ch. 163, L. 2005.
MT Code § 32-1-102 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-102. Institutions to which chapter is applicable

  32-1-102. Institutions to which chapter is applicable. (1) The word "bank" as used in this chapter means any corporation that has been incorporated to conduct the business of receiving money on deposit or transacting a trust or investment business, as defined in this chapter.   (2) The soliciting, receiving, or accepting of money or its equivalent on deposit as a regular business is doing a commercial or savings bank business, whether the deposit is made subject to check or is evidenced by a certificate of deposit, a passbook, a note, or other receipt. This section does not apply to or include money or its equivalent left in escrow or left with an agent pending investment in real estate or securities for or on account of the agent's principal.   (3) It is unlawful for any corporation, partnership, firm, or individual to engage in or transact a banking business within this state except by means of a corporation duly organized for that purpose.   (4) Banks are divided into the following classes:   (a) commercial banks;   (b) savings banks;   (c) trust companies;   (d) investment companies.   (5) This chapter does not apply to:   (a) any investment company or corporation established prior to March 8, 1927, under authority of the law of Montana not accepting, receiving, or holding money on deposit;   (b) a student financial institution, as defined in 32-1-115; or   (c) a nonprofit corporation that serves as trustee of one or more trusts in which it is expressly designated under the terms of the trust as having a present or future beneficial interest, vested or contingent.   History: En. Sec. 2, Ch. 89, L. 1927; re-en. Sec. 6014.2, R.C.M. 1935; amd. Sec. 1, Ch. 71, L. 1977; R.C.M. 1947, 5-102; amd. Sec. 75, Ch. 382, L. 1997; amd. Sec. 3, Ch. 340, L. 2003; amd. Sec. 11, Ch. 163, L. 2005; amd. Sec. 143, Ch. 264, L. 2013.
MT Code § 32-1-103 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-103. Repealed

  32-1-103. Repealed. Sec. 4, Ch. 15, L. 2005.   History: En. Sec. 31, Ch. 89, L. 1927; re-en. Sec. 6014.35, R.C.M. 1935; amd. Sec. 170, Ch. 431, L. 1975; R.C.M. 1947, 5-510.
MT Code § 32-1-104 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-104. Number of persons necessary to form corporation

  32-1-104. Number of persons necessary to form corporation. Corporations may be formed by any number of natural persons or by a corporation or other entity authorized to own or control banks and organized under the laws of this state to conduct, as provided in this chapter, the businesses mentioned in 32-1-102.   History: En. Sec. 3, Ch. 89, L. 1927; re-en. Sec. 6014.3, R.C.M. 1935; R.C.M. 1947, 5-103; amd. Sec. 1, Ch. 117, L. 1997.
MT Code § 32-1-105 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-105. Commercial bank defined

  32-1-105. Commercial bank defined. The term "commercial bank" means any bank authorized by law to:   (1) receive deposits of money;   (2) deal in commercial paper or make loans on commercial paper;   (3) lend money on real or personal property;   (4) engage in business activities directly or indirectly through affiliates or subsidiaries;   (5) discount bills, notes, or other commercial papers; and   (6) buy and sell securities, gold and silver bullion, foreign coins, or bills of exchange.   History: En. Subd. a, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.4, R.C.M. 1935; R.C.M. 1947, 5-104; amd. Sec. 1, Ch. 129, L. 1981; amd. Sec. 1, Ch. 100, L. 1999.
MT Code § 32-1-106 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-106. Savings bank defined

  32-1-106. Savings bank defined. The term "savings bank" means a bank organized only for the purpose of accumulating and loaning the funds of its members, stockholders, and depositors and which may:   (1) loan and invest the funds thereof;   (2) receive deposits of money; loan, invest, and collect the same with interest; and repay depositors with or without interest;   (3) sell credit life and disability insurance on loans to its borrowers;   (4) invest said funds and moneys in such property, securities, and obligations as may be prescribed by this chapter; and   (5) declare and pay:   (a) dividends on its general deposits; and   (b) a stipulated rate of interest on deposits made for a stated period or upon special terms.   History: En. Subd. b, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.5, R.C.M. 1935; R.C.M. 1947, 5-105; amd. Sec. 2, Ch. 129, L. 1981.
MT Code § 32-1-108 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-108. Investment company defined -- purposes for which may be formed

  32-1-108. Investment company defined -- purposes for which may be formed. The term "investment company" means any corporation which is incorporated under the laws of this state for any one or more of the following purposes:   (1) to receive moneys in trust and to accumulate the same at such rates of interest as may be obtained or agreed upon or to allow such interest as may be agreed upon and to issue and sell its contracts or certificates of indebtedness, directly or through an agent or broker, bearing fixed rates of interest, in whole or in part, with participation or nonparticipation in the profits of the corporation and maturing at fixed periods of time, or otherwise, as may be fully set forth in said contracts or certificates;   (2) to buy and sell government, state, county, municipal, and other bonds and all kinds of negotiable and nonnegotiable and commercial paper, stocks, and other investment securities;   (3) to accept, receive, and hold money on deposit, payable either on time or on demand, with or without interest, as may be agreed upon with depositors, and to collect coupons, interest, and dividends on securities described in (2).   History: En. Subd. d, Sec. 4, Ch. 89, L. 1927; re-en. Sec. 6014.7, R.C.M. 1935; R.C.M. 1947, 5-107.
MT Code § 32-1-110 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-110. Punishment

  32-1-110. Punishment. When no other punishment is provided, a person willfully or knowingly violating parts 1 through 5 of this chapter is guilty of a misdemeanor. Upon information furnished by the department, the attorney general shall sue to enforce parts 1 through 5 of this chapter.   History: En. Sec. 143, Ch. 89, L. 1927; re-en. Sec. 6014.153, R.C.M. 1935; amd. Sec. 61, Ch. 431, L. 1975; R.C.M. 1947, 5-1123.
MT Code § 32-1-111 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-111. Attachments prohibited

  32-1-111. Attachments prohibited. No property owned by any bank organized under the laws of the state of Montana shall be subject to attachment.   History: En. Sec. 96, Ch. 89, L. 1927; re-en. Sec. 6014.107, R.C.M. 1935; R.C.M. 1947, 5-1023.
MT Code § 32-1-112 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-112. Applicability of corporation law

  32-1-112. Applicability of corporation law. (1) Except as provided in subsection (2), the provisions of Title 35, chapter 14, apply to banks unless a section in this title or a rule or order issued under this chapter is inconsistent with Title 35, chapter 14.   (2) The provisions of 35-14-301, 35-14-302(4) through (10), 35-14-401(1), 35-14-621(2), Title 35, chapter 14, part 14, 35-14-1601, and 35-14-1602 do not apply to banks.   History: En. Sec. 13, Ch. 395, L. 1993; amd. Sec. 5, Ch. 71, L. 2005; amd. Sec. 227, Ch. 271, L. 2019.
MT Code § 32-1-113 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-113. and 32-1-114 reserved

  32-1-113 and 32-1-114 reserved.
MT Code § 32-1-115 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 1. General Provisions -- Definitions|32-1-115. Student financial institution defined -- obligations of minor -- applicability of laws

  32-1-115. Student financial institution defined -- obligations of minor -- applicability of laws. (1) The term "student financial institution" means a financial institution that:   (a) is located at a school or a location where educational services are provided;   (b) is operated as a financial literacy educational program;   (c) is operated by one or more state-chartered or federally chartered financial institutions, limited to a state or national bank, a state or federal savings and loan association, a trust company, an investment company, or a state or federal credit union;   (d) does not provide services to the general public; and   (e) conducts each program in a manner consistent with safe and sound banking practices and compliant with state law.   (2) To operate a student financial institution, a state-chartered bank, savings and loan association, trust company, investment company, or credit union shall provide written notice to the department.   (3) Establishing a student financial institution does not require a branch application.   (4) With regard to the operation of a student financial institution, the obligations of a minor pertaining to borrowing money, cashing checks, and making deposits have the same force and effect as though they were the obligations of a person over the age of majority.   (5) The provisions of 32-1-102, 32-1-402, 32-3-106, and this section apply to a student financial institution established pursuant to this section, but other provisions of Title 32, chapters 1 through 3, or any other provision of state law that regulates banks, credit unions, other financial institutions, or currency exchanges do not apply.   History: En. Sec. 1, Ch. 340, L. 2003; amd. Sec. 8, Ch. 75, L. 2019.
MT Code § 32-1-201 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-201. State banking board -- secretary -- meetings -- per diem

  32-1-201. State banking board -- secretary -- meetings -- per diem. (1) The state banking board, created in 2-15-1025, shall elect a secretary from its members to serve at the pleasure of the board.   (2) In performing its functions, the board shall have use of the offices, equipment, and personnel of the department as it requires.   (3) The board shall hold meetings at the office of the department at dates and times set by the department. Special meetings may be called by the presiding officer at any time upon 3 days' notice to the members.   (4) A quorum for all meetings is a majority of the board members, and a majority of the quorum present at any meeting may take action.   (5) A board member may be removed by the governor without cause in any case.   (6) The board members shall receive compensation and travel expenses in the same manner and amount as provided for in 37-1-133 for boards allocated to the department of administration. The costs and expenses of the board are legitimate charges of the department.   History: En. Sec. 3, Ch. 420, L. 1973; amd. Sec. 11, Ch. 71, L. 1977; amd. Sec. 2, Ch. 453, L. 1977; R.C.M. 1947, 5-609; amd. Sec. 3, Ch. 274, L. 1981; amd. Sec. 6, Ch. 474, L. 1981; amd. Sec. 1, Ch. 9, L. 1987; amd. Sec. 7, Ch. 395, L. 1993; amd. Sec. 76, Ch. 483, L. 2001.
MT Code § 32-1-202 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-202. Powers and duties of board

  32-1-202. Powers and duties of board. The board shall:   (1) make final determinations upon applications for certificates of authorization for new banks;   (2) act in an advisory capacity with respect to the duties and powers given by statute or otherwise to the department as the duties and powers relate to banking; and   (3) conduct hearings as provided in 32-1-204.   History: En. Sec. 4, Ch. 420, L. 1973; amd. Sec. 22, Ch. 431, L. 1975; amd. Sec. 12, Ch. 71, L. 1977; R.C.M. 1947, 5-610; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 2, Ch. 322, L. 1989; amd. Sec. 8, Ch. 395, L. 1993; amd. Sec. 2, Ch. 265, L. 1995; amd. Sec. 3, Ch. 117, L. 1997; amd. Sec. 76, Ch. 382, L. 1997; amd. Sec. 12, Ch. 163, L. 2005; amd. Sec. 9, Ch. 75, L. 2019.
MT Code § 32-1-203 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-203. Rules adopted by board -- new banks

  32-1-203. Rules adopted by board -- new banks. The board may adopt rules necessary for the administration of 32-1-201 through 32-1-206 in accordance with the Montana Administrative Procedure Act. In particular, the board shall adopt rules concerning the authorization of new banks organized under the laws of this state. Rules must contain minimum standards under which an application for a new bank must be determined, including the following:   (1) a persuasive showing that there is a reasonable public necessity and demand for a new bank at the proposed location;   (2) that the bank will be owned and managed by persons of good moral character and financial integrity and will be safely and soundly operated;   (3) a persuasive showing that the new bank will have a sufficient volume of business to ensure solvency and that establishment of the new bank organized under the laws of this state will be in the public interest.   History: En. Sec. 5, Ch. 420, L. 1973; amd. Sec. 23, Ch. 431, L. 1975; amd. Sec. 13, Ch. 71, L. 1977; R.C.M. 1947, 5-611; amd. Sec. 3, Ch. 322, L. 1989; amd. Sec. 4, Ch. 117, L. 1997.
MT Code § 32-1-204 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-204. Hearings -- notice

  32-1-204. Hearings -- notice. (1) (a) A hearing must be conducted on all applications for new bank certificates of authorization, in accordance with the Montana Administrative Procedure Act relating to a contested case, whether or not any protest to the application is filed.   (b) A notice of the filing of an application for a new bank certificate of authorization must be mailed to all banks within 100 miles of the proposed location, measured in a straight line.   (c) A hearing may not be conducted sooner than 30 days or later than 90 days following the mailing of the notice.   (d) A bank filing a written protest with the board prior to the date of the hearing must be admitted as a "party", as defined in the Montana Administrative Procedure Act, with full rights of a party, including the right of subpoena of witnesses and written materials, the right of cross-examination, the right to have a transcript, the right to receive all notices, a copy of the application, and all orders, and the right of judicial review and appeal.   (e) Notwithstanding the requirements of subsections (1)(a) through (1)(d), when the deposit liability of any closed bank is to be transferred to or assumed by a state bank being organized for that purpose, the board may issue a certificate of authorization without notice or hearing, according to rules adopted by the board.   (2) (a) A hearing must be conducted by the board on the request of a person timely protesting an application for the formation of a bank if the application is approved by the department and if the board determines that there is a substantial basis for the protest. A person requesting a hearing under this subsection (2)(a) is entitled to judicial review of a denial of a hearing by the board.   (b) If a hearing is required under this subsection (2), the hearing may not be held sooner than 30 days or later than 90 days following the filing of the request for a hearing by the protesting party. A protesting party must be admitted as a party, as defined in the Montana Administrative Procedure Act, with full rights of a party, including the right of judicial review and appeal.   History: En. Sec. 6, Ch. 420, L. 1973; amd. Sec. 24, Ch. 431, L. 1975; R.C.M. 1947, 5-612; amd. Sec. 1, Ch. 567, L. 1987; amd. Sec. 3, Ch. 265, L. 1995; amd. Sec. 5, Ch. 117, L. 1997; amd. Sec. 10, Ch. 75, L. 2019.
MT Code § 32-1-205 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-205. Board rules for discovery and hearing procedures

  32-1-205. Board rules for discovery and hearing procedures. (1) The board shall, under rules adopted by it, permit prehearing discovery procedures, including the taking of depositions and the production of documents. The rules of civil procedure for state courts shall furnish guidelines for such rules.   (2) In adopting rules for hearings, the board shall provide for the issuance of subpoenas and for the administration of oaths to witnesses and parties or their representatives, to apply both to discovery procedures and to hearings, and the board shall have authority to provide for issuance of subpoenas and administration of oaths.   History: En. Sec. 7, Ch. 420, L. 1973; R.C.M. 1947, 5-613; amd. Sec. 139, Ch. 575, L. 1981.
MT Code § 32-1-206 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-206. Disqualification of board member -- when

  32-1-206. Disqualification of board member -- when. A board member must be disqualified from acting upon any matter in which the member or any bank or financial institution in which the member has a direct or indirect interest is involved, competitively or otherwise.   History: En. Sec. 8, Ch. 420, L. 1973; R.C.M. 1947, 5-614; amd. Sec. 1008, Ch. 56, L. 2009.
MT Code § 32-1-207 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 1. Banks and Trust Companies|Part 2. Functions of State Banking Board and Department of Administration|32-1-207. through 32-1-210 reserved

  32-1-207 through 32-1-210 reserved.