Montana § 32-3-703 - Use Of Regular Reserve Account
Full text of Montana Montana Code Annotated § 32-3-703 — Use Of Regular Reserve Account, with citation guidance and answers to common questions.
§ 32-3-703. Use Of Regular Reserve Account
Use of regular reserve account. The regular reserve account belongs to the credit union and must be used to meet losses including, with prior approval of the department of administration, losses from the sale of investments or securities. The regular reserve account may not be used to meet losses resulting from an excess of expenses over income and may not be distributed except on liquidation of the credit union or in accordance with a plan approved by the department.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-3-703
What does Montana Code Annotated § 32-3-703 cover?
Section 32-3-703 ("Use Of Regular Reserve Account") 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 § 32-3-703?
A common citation format is "Montana Code Annotated § 32-3-703" (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 § 32-3-703 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.