Montana Code Annotated 2023

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 10. Dissolution, Closing, and Liquidation

Penalty For Maliciously Declaring Mutual Association Insolvent

32-2-1009. Penalty for maliciously declaring mutual association insolvent. If, as a result of malice or for personal gain, an employee or agent of the department declares a mutual association insolvent, the employee or agent forfeits the employee's or agent's office.

History: En. Sec. 96, Ch. 431, L. 2021.