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MT SB489

Bill

Status

Failed

5/23/2025

Primary Sponsor

Mark Noland

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • 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

  • Amends Section 32-3-401, MCA, which governs the general powers of credit unions

  • Adds a restriction to the existing power allowing credit unions to acquire property necessary for their operations

  • 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