Montana § 37-54-503 - Owner Requirements
Full text of Montana Montana Code Annotated § 37-54-503 — Owner Requirements, with citation guidance and answers to common questions.
§ 37-54-503. Owner Requirements
Owner requirements. (1) An appraisal management company applying for registration in this state may not be owned by: (a) a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state; or (b) another entity that is owned by a person who has had a license or certificate to act as an appraiser refused, denied, canceled, revoked for substantive cause, or surrendered in lieu of a pending revocation in any state. (2) Each person who owns an appraisal management company in this state: (a) must be of good moral character, as determined by the board; and (b) shall submit to a background examination as determined by the board. (3) Each appraisal management company applying for registration in this state shall certify to the board that the appraisal management company has reviewed each person or entity that directly or indirectly owns the appraisal management company, in whole or in part, and that no person or entity that directly or indirectly owns the appraisal management company, in whole or in part, has had a license, a certificate, or registration to act as an appraiser or appraisal management company refused, denied, canceled, revoked, or surrendered in lieu of a pending revocation in any state.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 37-54-503
What does Montana Code Annotated § 37-54-503 cover?
Section 37-54-503 ("Owner Requirements") 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 § 37-54-503?
A common citation format is "Montana Code Annotated § 37-54-503" (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 § 37-54-503 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.