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Can you summarize MTCO 32-1-445?

Operation and Regulation > Demand or time deposits

Short Summary

Demand deposits, within the meaning of this chapter, shall comprise all deposits payable within 7 days, and time deposits shall comprise all deposits payable after 7 days and all savings accounts and certificates of deposit which are subject to not less than 7 days’ notice before payment. History: En. Sec. 52, Ch. 89, L. 1927; re-en. Sec. 6014.56, R.C.M. 1935; R.C.M. 1947, 5-531; amd. Sec. 1, Ch. 75, L. 1985.

Jurisdiction

Montana

Source
MTCO 32-1-445 [https://reggi.cloud.regology.com/regulations/US-MTCO/US-MTCO_T_32_C_1_P_4_S_445]