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Can you summarize MTAR 2.60?
ADMINISTRATION > STATE BANKING BOARD
Short Summary
The provided legal document content covers various aspects related to the organization and operation of the state banking board in Montana. It outlines the application procedures for obtaining a certificate of authorization for a state-chartered bank, including the required forms, fees, and evidence to be presented. The document also provides procedural rules for the discovery and hearing processes related to banking applications and protests, incorporating the Attorney General’s model rules and allowing for prehearing discovery procedures. Additionally, the document outlines the requirements for filing a written protest and the notification process for hearings on new bank applications or applications with a substantial basis for protest. The document also covers the process of assuming deposit liability of a closed bank, including the application procedures and approval process. Furthermore, the document mentions the repealed rule on foreign capital depositories and provides information on the formation and operation of shell banks, the application process for obtaining an interim bank certificate of authority, and the merger process between an interim bank and an existing bank or savings association. Overall, these documents provide guidance and procedures for various aspects of banking activities in Montana, without specifying any specific exemptions or penalties.
Whom does it apply to?
State banking board, individuals incorporators, Commissioner of Banking and Financial Institutions, Division of Banking and Financial Institutions, banks within 100 miles of proposed location, organizers and bidders involved in the acquisition of closed banks, organizers of shell banks, applicants for interim bank certificate of authority, interim banks, existing banks or savings associations involved in a merger
What does it govern?
Organization and operation of the state banking board, application procedures for obtaining a certificate of authorization for a state-chartered bank, discovery and hearing processes related to banking applications and protests, closure or relocation of bank branches, assuming deposit liability of a closed bank, and foreign capital depositories
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Montana