Montana § 32-1-106 - Savings Bank Defined
Full text of Montana Montana Code Annotated § 32-1-106 — Savings Bank Defined, with citation guidance and answers to common questions.
§ 32-1-106. Savings Bank Defined
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.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-106
What does Montana Code Annotated § 32-1-106 cover?
Section 32-1-106 ("Savings Bank Defined") 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 § 32-1-106?
A common citation format is "Montana Code Annotated § 32-1-106" (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 § 32-1-106 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.