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Can you summarize MTCO Title 32, Chapter 3?
FINANCIAL INSTITUTIONS > CREDIT UNIONS
Short Summary
The provided legal document content covers various aspects related to credit unions in Montana. It includes information on taxation exemption, minimum capital to assets ratio, administration rules, audit requirements, investment limitations, issuance of membership capital accounts, voting representation, rights and powers of corporate credit unions, investment of funds, duties of directors, loan approval processes, election and roles of executive officers, meetings of the board of directors and committees, loans and insurance, governance of shares and accounts, merging and dissolution of credit unions, meetings of members, amending articles of incorporation or bylaws, organizing a credit union, office facilities of credit unions, and removal of directors, officers, and employees. These provisions apply to credit unions, their members, directors, officers, employees, agents, and individuals involved in transactions with credit unions. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Credit unions, their members, directors, officers, employees, agents, individuals involved in transactions with credit unions
What does it govern?
Taxation exemption, minimum capital to assets ratio, administration rules, audit requirements, investment limitations, issuance of membership capital accounts, voting representation, rights and powers of corporate credit unions, investment of funds, duties of directors, loan approval processes, election and roles of executive officers, meetings of the board of directors and committees, loans and insurance, governance of shares and accounts, merging and dissolution of credit unions, meetings of members, amending articles of incorporation or bylaws, organizing a credit union, office facilities of credit unions, removal of directors, officers, and employees
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