1. MCA Contents
  2. TITLE 32
  3. CHAPTER 11
  4. Part 2
  5. 32-11-211 Stock buyback

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 11. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS

Part 2. Licensure Procedures -- Board of Directors

Stock Buyback

32-11-211. Stock buyback. A licensee may not buy back or obligate itself to buy back a share of equity interest from a shareholder without the prior approval of the department.

History: En. Sec. 16, Ch. 411, L. 2007.