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Can you summarize MTCO 32-1-441?
Operation and Regulation > Certified checks
Short Summary
This legal provision governs the certification of checks drawn on banks. According to the provision, when a check is certified by an officer or employee of a bank, the amount of the check is immediately charged against the account of the person, firm, or corporation that drew the check. It is unlawful for any officer or employee of a bank to certify a check unless the drawer of the check has sufficient funds on deposit with the bank to cover the amount specified in the check. Any officer or employee of a bank who willfully violates this provision or engages in any fraudulent activity to evade its requirements is guilty of a felony. The provision does not mention any exemptions. The penalties for non-compliance or violation of this provision include being charged with a felony offense.
Whom does it apply to?
Officers and employees of banks, persons, firms, or corporations drawing checks on banks
What does it govern?
Certification of checks drawn on banks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Guilty of felony
Jurisdiction
Montana