Dissolution, Closing, and Liquidation

  1. Law
  2. Montana Code Annotated
  3. Financial Institutions
  4. Banks and Trust Companies
  5. Dissolution, Closing, and Liquidation

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Section
32-1-501

Dissolution and disincorporation

Section
32-1-502

Grounds for closing bank

Section
32-1-503

Bank insolvent when

Section
32-1-504

Deposits in insolvent bank

Section
32-1-505

Penalty for receiving deposits when insolvent or for making false statements

Section
32-1-506

Assessment on capital stock to make good impairment

Section
32-1-507

Power of closed banks to borrow money from governmental agencies

Section
32-1-508

Corporate existence -- ceases when

Section
32-1-509

Taxes on banks which have ceased to do business

Section
32-1-510

Penalty for maliciously declaring bank insolvent

Section
32-1-511

Bank may be placed in department's possession

Section
32-1-512

Effect of posting notice

Section
32-1-513

Taking possession of bank -- notice

Section
32-1-514

Resumption after closing

Section
32-1-515

Powers of department on closing bank -- court proceedings

Section
32-1-516

Recourse of aggrieved bank -- injunction

Section
32-1-517

Department may retain bank employees -- liquidating agent's salary and expenses

Section
32-1-518

Compensation of agents and attorneys

Section
32-1-519. through 32-1-530

reserved

Section
32-1-531

Notice to creditors of insolvent bank

Section
32-1-532

Claims -- allowance and rejection

Section
32-1-533

Payment of claims

Section
32-1-534

Claims -- order of payment -- priorities

Section
32-1-535

Claims -- partial payments -- assignments

Section
32-1-536

Deposit of funds in department's hands

Section
32-1-537

Disposition of unclaimed funds

Section
32-1-538

Disposition of assets remaining after payment of claims

Section
32-1-539. through 32-1-550

reserved

Section
32-1-551

Liquidating officer's powers and duties

Section
32-1-552

Further duties of liquidating officer

Section
32-1-553

Department to file inventory -- report required -- exception

Section
32-1-554. through 32-1-560

reserved

Section
32-1-561

Definitions

Section
32-1-562

Power of department

Section
32-1-563

Powers of officers

Section
32-1-564

Notice of bank closing

Section
32-1-565

Effect of closing