Montana § 32-1-375 - Prohibition Of Acquisition -- Exception
Full text of Montana Montana Code Annotated § 32-1-375 — Prohibition Of Acquisition -- Exception, with citation guidance and answers to common questions.
§ 32-1-375. Prohibition Of Acquisition -- Exception
Prohibition of acquisition -- exception. (1) Notwithstanding any other provision of law, a bank holding company or any other company may not acquire or control an institution in this state that is an "insured bank" as defined in section 3(h) of the Federal Deposit Insurance Act (12 U.S.C. 1813(h)) or any institution eligible to become an insured bank as defined therein if the institution does not both accept demand deposits and engage in the business of making commercial loans. (2) Nothing in this section prohibits the continued control of a financial institution eligible for insurance under the Federal Deposit Insurance Act by a company that acquired the financial institution prior to March 1, 1987.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-375
What does Montana Code Annotated § 32-1-375 cover?
Section 32-1-375 ("Prohibition Of Acquisition -- Exception") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 32-1-375?
A common citation format is "Montana Code Annotated § 32-1-375" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 32-1-375 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.