Montana Code 32-1-105. Commercial bank defined
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32-1-105. Commercial bank defined. The term “commercial bank” means any bank authorized by law to:
Terms Used In Montana Code 32-1-105
- 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
(1)receive deposits of money;
(2)deal in commercial paper or make loans on commercial paper;
(3)lend money on real or personal property;
(4)engage in business activities directly or indirectly through affiliates or subsidiaries;
(5)discount bills, notes, or other commercial papers; and
(6)buy and sell securities, gold and silver bullion, foreign coins, or bills of exchange.