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MT SB489
Bill
AI Summary
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Prohibits credit unions in Montana from acquiring a bank, a bank's assets, a bank's liabilities, or any other aspect of a bank's business
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Amends Section 32-3-401, MCA, which governs the general powers of credit unions
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Adds a restriction to the existing power allowing credit unions to acquire property necessary for their operations
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Credit unions retain the ability to purchase assets from other credit unions with department approval, but not from banks
Legislative Description
Revise laws regarding purchase of banks by credit unions
Credit Transactions
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
Business, Labor and Economic Affairs2/26/2025
Full Bill Text
No bill text available