Montana § 32-1-511 - Bank May Be Placed In Department's Possession
Full text of Montana Montana Code Annotated § 32-1-511 — Bank May Be Placed In Department's Possession, with citation guidance and answers to common questions.
§ 32-1-511. Bank May Be Placed In Department's Possession
Bank may be placed in department's possession. A bank may place its affairs and assets under the control and in the possession of the department by posting a notice on the front door of the bank indicating that it is in the possession of the department. The notice shall be signed by a majority of the directors in office of the bank. Immediately upon the posting of the notice by a bank, it shall notify the department of its action.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-1-511
What does Montana Code Annotated § 32-1-511 cover?
Section 32-1-511 ("Bank May Be Placed In Department's Possession") 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 § 32-1-511?
A common citation format is "Montana Code Annotated § 32-1-511" (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 § 32-1-511 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.