Montana § 35-17-312 - Officers -- Election -- Bank As Treasurer
Full text of Montana Montana Code Annotated § 35-17-312 — Officers -- Election -- Bank As Treasurer, with citation guidance and answers to common questions.
§ 35-17-312. Officers -- Election -- Bank As Treasurer
Officers -- election -- bank as treasurer. (1) The directors shall elect from their number a president and one or more vice presidents. They shall also elect a secretary and treasurer who need not be directors, and they may combine the two latter offices and designate the combined office as secretary-treasurer. The treasurer may be a bank or any depositary, in which case it may not be considered an officer but instead a function of the board of directors, and the secretary shall perform the usual accounting duties of the treasurer, except that the funds must be deposited only as authorized by the board of directors. (2) (a) If the bylaws provide, the directors may also elect from their number a presiding officer and one or more vice presiding officers, in which case the president and vice presidents need not be directors or stockholders. (b) Any other officer may be chosen as provided in the bylaws.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-17-312
What does Montana Code Annotated § 35-17-312 cover?
Section 35-17-312 ("Officers -- Election -- Bank As Treasurer") 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 § 35-17-312?
A common citation format is "Montana Code Annotated § 35-17-312" (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 § 35-17-312 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.