Montana § 32-3-408 - Executive Officers
Full text of Montana Montana Code Annotated § 32-3-408 — Executive Officers, with citation guidance and answers to common questions.
§ 32-3-408. Executive Officers
Executive officers. (1) At their next meeting following each annual meeting of the members, the directors shall elect from their own number: (a) a presiding officer of the board; (b) one or more vice presiding officers of the board; (c) a treasurer; and (d) a secretary. (2) The treasurer and the secretary may be the same individual. (3) The persons so elected must be the executive officers of the corporation. (4) The terms of the officers must be 1 year or until their successors are chosen and have duly qualified. (5) The duties of the officers must be prescribed in the bylaws. (6) The board of directors may employ an officer in charge of operations, whose title must be either president or general manager or president and general manager, or the board of directors may designate the treasurer or an assistant treasurer to act as general manager and be in active charge of the affairs of the credit union.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-3-408
What does Montana Code Annotated § 32-3-408 cover?
Section 32-3-408 ("Executive Officers") 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 § 32-3-408?
A common citation format is "Montana Code Annotated § 32-3-408" (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 § 32-3-408 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.