Montana Code 32-1-901. Definitions
32-1-901. Definitions. For purposes of this part, the following definitions shall apply:
Terms Used In Montana Code 32-1-901
- bank: as used in this chapter means any corporation that has been incorporated to conduct the business of receiving money on deposit or transacting a trust or investment business, as defined in this chapter. See Montana Code 32-1-102
- Department: means the department of administration provided for in Title 2, chapter 15, part 10. See Montana Code 32-1-109
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- 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
(1)”Board member” means a member of the board of directors of the institution.
(2)”Cease and desist order which has become final” and “order which has become final” mean a cease and desist order or an order issued by the director with the consent of the institution or the board member, officer, or other person concerned, with respect to which:
(a)a timely petition for review of the action of the director has not been filed in a district court as specified in 32-1-908(2); or
(b)the action of the court in which a petition for review has been filed is not subject to further review by the courts of the state.
(3)”Director” means the director of the department of administration.
(4)”Institution” means a commercial bank, savings bank, trust company, or investment company chartered under Title 32, chapter 1.
(5)”Violation” includes without limitation any action, alone or with others, causing, counseling, aiding, or abetting a violation.