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Can you summarize MTCO 32-1-220?
Functions of State Banking Board and Department of Administration > Access to holding companies and affiliated entities
Short Summary
The division may review the books and affairs of a bank holding company operating under the Bank Holding Company Act of 1956 during the course of a safety and soundness examination of the bank holding company’s subsidiary bank to the extent that the records pertain to the operations and financial condition of the subsidiary bank or to the holding company’s indebtedness. The authority granted in this section does not authorize the division to regulate or charge assessments to a bank holding company. History: En. Sec. 11, Ch. 395, L. 1993; amd. Sec. 1, Ch. 148, L. 1997; amd. Sec. 1, Ch. 49, L. 2011.
Jurisdiction
Montana