Montana § 32-1-221 - Regional Banking Organizations -- Department Authority
Full text of Montana Montana Code Annotated § 32-1-221 — Regional Banking Organizations -- Department Authority, with citation guidance and answers to common questions.
§ 32-1-221. Regional Banking Organizations -- Department Authority
Regional banking organizations -- department authority. (1) Notwithstanding 32-1-211 (2)(b), the department shall submit to a regional banking organization a report of the examination findings no later than 90 days after the completion of the examination. (2) The department has the same examination authority over the bank holding company of a regional banking organization as the department has over the regional banking organization. (3) The department may: (a) participate in examinations of bank holding companies of regional banking organizations with federal financial institution regulatory agencies and one or more state's financial regulatory departments; and (b) take an enforcement action against the bank holding company of a regional banking organization pursuant to this chapter if the department considers the action to be necessary or appropriate to carry out its responsibilities under this chapter or to ensure compliance with the laws of this state. (4) Notwithstanding 32-1-322 , at least one-third of the board of directors of a regional banking organization must be residents of Montana.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-221
What does Montana Code Annotated § 32-1-221 cover?
Section 32-1-221 ("Regional Banking Organizations -- Department Authority") 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 § 32-1-221?
A common citation format is "Montana Code Annotated § 32-1-221" (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 § 32-1-221 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.