No certificate of deposit to be issued for borrowed money

  1. Law
  2. Montana Code Annotated
  3. Financial Institutions
  4. Mutual Savings and Loan Associations
  5. Operation and Regulation
  6. No certificate of deposit to be issued for borrowed money

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32-2-907. No certificate of deposit to be issued for borrowed money. A mutual association may not issue its certificate of deposit for the purpose of borrowing money or make partial payments on any certificate of deposit.

History: En. Sec. 48, Ch. 431, L. 2021.


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