32-2-818. Requirements of state mutual association, MCA

Montana Code Annotated 2023

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS

Part 8. Formation and Reorganization

Requirements Of State Mutual Association

32-2-818. Requirements of state mutual association. A mutual association must have its qualified thrift investments:

(1) equal or exceed 50% of its portfolio assets; and

(2) continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.

History: En. Sec. 29, Ch. 431, L. 2021.