Montana Code 32-3-507. Liens
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32-3-507. Liens. The credit union has a lien on the shares and accumulated dividends or interest of a member in the member’s individual, joint, or trust account for any sum past due the credit union from the member or for any loan endorsed by the member.
Terms Used In Montana Code 32-3-507
- Lien: A claim against real or personal property in satisfaction of a debt.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC