Montana § 32-2-1106 - Closed Savings Institutions Empowered To Borrow From Corporation
Full text of Montana Montana Code Annotated § 32-2-1106 — Closed Savings Institutions Empowered To Borrow From Corporation, with citation guidance and answers to common questions.
§ 32-2-1106. Closed Savings Institutions Empowered To Borrow From Corporation
Closed savings institutions empowered to borrow from corporation. (1) If a savings institution is closed on account of the savings institution's inability to meet the demands of its depositors, by action of the department, by action of its directors, or in the event of its insolvency or suspension, the department or the department's agent may borrow from the corporation and furnish any of the assets of the savings institution to the corporation as security for a loan from the corporation. The department may sell to the corporation any part or all of the assets of the savings institution. (2) The provisions of this section do not limit the power of a savings institution or the department to pledge or sell assets in accordance with any existing law.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-2-1106
What does Montana Code Annotated § 32-2-1106 cover?
Section 32-2-1106 ("Closed Savings Institutions Empowered To Borrow From Corporation") 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 § 32-2-1106?
A common citation format is "Montana Code Annotated § 32-2-1106" (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 § 32-2-1106 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.