32-2-1101. Definition of savings institution. As used in this part, the term “savings institution” means a mutual association that is organized under the laws of this state.

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Terms Used In Montana Code 32-2-1101

  • Mutual association: means any corporation that has been incorporated to conduct the business of receiving money on deposit from its members and making substantially all of its loans on one-to-four family real estate mortgage security. See Montana Code 32-2-603
  • savings institution: means a mutual association that is organized under the laws of this state. See Montana Code 32-2-1101
  • 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