Montana Code 32-1-445. Demand or time deposits
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32-1-445. Demand or time deposits. 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.
Terms Used In Montana Code 32-1-445
- Demand deposits: means all deposits, the payment of which can legally be required when demanded. See Montana Code 32-1-109
- Time deposits: means all deposits, the payment of which cannot legally be required within 7 days. See Montana Code 32-1-109