Montana § 32-3-606 - Line Of Credit
Full text of Montana Montana Code Annotated § 32-3-606 — Line Of Credit, with citation guidance and answers to common questions.
§ 32-3-606. Line Of Credit
Line of credit. Upon their own motion or upon application by a member, the credit committee or credit manager may approve a line of credit in advance, and advances may be granted to each member within the limit of such extension of credit. Where a line of credit has been approved, no additional loan applications are required as long as the aggregate obligation does not exceed the limit of such extension of credit.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-3-606
What does Montana Code Annotated § 32-3-606 cover?
Section 32-3-606 ("Line Of Credit") 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 § 32-3-606?
A common citation format is "Montana Code Annotated § 32-3-606" (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 § 32-3-606 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.