Montana § 32-1-377 - Agreement Of Purchase And Sale
Full text of Montana Montana Code Annotated § 32-1-377 — Agreement Of Purchase And Sale, with citation guidance and answers to common questions.
§ 32-1-377. Agreement Of Purchase And Sale
Agreement of purchase and sale. (1) The selling and purchasing banks shall enter into an agreement that must contain all the terms and conditions of the sale and that must contain: (a) proper provision for the assumption, payment, transfer, or retention of all the liabilities of the selling bank as to the branch assets and business sold; (b) proper provision for the assumption, payment, transfer, or retention of the purchasing bank of all fiduciary obligations of the branch or branch business sold. (2) The agreement for purchase and sale of a state bank must be authorized and approved by the department. The agreement of purchase and sale of a national bank must be in accordance with the laws applicable to national banks.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-377
What does Montana Code Annotated § 32-1-377 cover?
Section 32-1-377 ("Agreement Of Purchase And Sale") 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 § 32-1-377?
A common citation format is "Montana Code Annotated § 32-1-377" (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 § 32-1-377 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.