Montana § 32-3-501 - Shares
Full text of Montana Montana Code Annotated § 32-3-501 — Shares, with citation guidance and answers to common questions.
§ 32-3-501. Shares
Shares. (1) The capital of a credit union consists of the payments by the members on shares. (2) Shares may be subscribed to, paid for, and transferred in a manner as the bylaws prescribe. (3) A certificate need not be issued to denote ownership of a share in a credit union. (4) This chapter does not restrict or prohibit the issuance of shares in any type of account described in Title 72, chapter 6, part 2. However, the party, the beneficiary, or the agent of an account may not vote, obtain loans, hold office, or be required to pay an entrance or membership fee unless the party, beneficiary, or agent is a member of the credit union.
Frequently Asked Questions About Montana § 32-3-501
What does Montana Code Annotated § 32-3-501 cover?
Section 32-3-501 ("Shares") 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 § 32-3-501?
A common citation format is "Montana Code Annotated § 32-3-501" (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 § 32-3-501 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.