§ 33-3-401 Home office and records — administrative or civil penalty for unlawful removal of records or assets
§ 33-3-402 Vouchers for expenditures
§ 33-3-411 Contingent liability of mutual members
§ 33-3-412 Levy of contingent liability
§ 33-3-413 Enforcement of contingent liability
§ 33-3-414 Nonassessable policies of mutual insurers
§ 33-3-415 Insufficient reserves — nonassessable policies prohibited — revocation of authority
§ 33-3-421 Participating policies
§ 33-3-422 Dividends to stockholders
§ 33-3-423 Dividends to mutual policyholders
§ 33-3-424 Illegal dividends — administrative or civil penalty
§ 33-3-431 Borrowed surplus
§ 33-3-432 Impairment of capital or assets
§ 33-3-433 Assessment of stockholders or members
§ 33-3-434 Directors’ liability for losses during deficiency
§ 33-3-435 Stock transfer during impairment of capital
§ 33-3-436 Mutual member’s share of assets on liquidation
§ 33-3-441 Equity securities of domestic stock insurance company — statement of ownership
§ 33-3-442 Inside trading of securities — profit inures to company — limitation of action to recover — rules
§ 33-3-443 Short sales of equity securities prohibited — time for delivery after sale
§ 33-3-444 Exemptions — securities held in an investment account — primary or secondary market — rules
§ 33-3-445 Exemptions — arbitrage transactions
§ 33-3-446 Exemptions — registered securities — holding by less than 100 persons
§ 33-3-447 Rules of commissioner — classifications — effect
§ 33-3-450 Purpose
§ 33-3-451 Definitions
§ 33-3-452 Use of book-entry systems — rules
§ 33-3-453 Deposit of securities by insurance companies
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Terms Used In Montana Code > Title 33 > Chapter 3 > Part 4 - Finance

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Clearing corporation: has the meaning provided in 30-8-112, except that with respect to securities issued by institutions organized or existing under the laws of any foreign country or securities used to meet the deposit requirements pursuant to the laws of a foreign country as a condition of doing business in the foreign country, a clearing corporation may include a corporation that is organized or existing under the laws of any foreign country and is legally qualified under those laws to effect transactions in securities by computerized book entry. See Montana Code 33-3-451
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Customary: means according to usage. See Montana Code 1-1-206
  • Direct participant: means a bank, trust company, or other institution that maintains an account in its name in a clearing corporation and through which an insurance company participates in a clearing corporation. See Montana Code 33-3-451
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal reserve book-entry system: means the computerized systems sponsored by the United States department of the treasury and certain agencies and instrumentalities of the United States for holding and transferring securities of the United States government and those agencies and instrumentalities, respectively, in federal reserve banks through banks that are members of the federal reserve system or that otherwise have access to the computerized systems. See Montana Code 33-3-451
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Member bank: means a national bank, state bank, or trust company that is a member of the federal reserve system and through which an insurance company participates in the federal reserve book-entry system. See Montana Code 33-3-451
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Security: has the meaning provided in 30-8-112. See Montana Code 33-3-451
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Usual: means according to usage. See Montana Code 1-1-206
  • Writing: includes printing. See Montana Code 1-1-203