Montana § 32-3-611 - Share Insurance
Full text of Montana Montana Code Annotated § 32-3-611 — Share Insurance, with citation guidance and answers to common questions.
§ 32-3-611. Share Insurance
Share insurance. (1) Each credit union shall maintain insurance on its share accounts under the provisions of Title II of the Federal Credit Union Act or through a legally constituted insurance plan approved by the commissioner of insurance and the department of administration. (2) A credit union may not begin operation or transact any business until proof that it has obtained insurance under the provisions of Title II of the Federal Credit Union Act or under an approved insurance plan has been furnished to the department. (3) A credit union operating in violation of this section is subject to an order of suspension as provided for in 32-3-205 . (4) Subject to the provisions of 32-3-207 , the department shall make available reports of condition and examination reports to the national credit union administration or any official of an insurance plan and may accept any report of examination made on behalf of the national credit union administration or insurance plan official. The department may appoint the national credit union administration or any official of an insurance plan as liquidating agent of an insured credit union.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-3-611
What does Montana Code Annotated § 32-3-611 cover?
Section 32-3-611 ("Share Insurance") 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 § 32-3-611?
A common citation format is "Montana Code Annotated § 32-3-611" (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 § 32-3-611 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.