Montana Code > Title 32 > Chapter 2 > Part 12 – Removal of Directors or Officers


§ 32-2-1201	Definitions
§ 32-2-1202	Notice of charges — hearing — cease and desist order — effective date
§ 32-2-1203	Informal conferences — time for application
§ 32-2-1204	Temporary cease and desist order — grounds for issuance — effective date — injunctive relief
§ 32-2-1205	Notice of intention to remove board member or officer — prohibiting participation — suspension
§ 32-2-1206	Informal conferences — time for application
§ 32-2-1207	Suspension or prohibition effective on service — stay
§ 32-2-1208	Felony charges — suspension or prohibition
§ 32-2-1213	Board of directors — lack of quorum — temporary board members
§ 32-2-1214	Hearings — decision — review, modification, termination, or stay of orders
§ 32-2-1215	Notices and orders — manner of service — copies to federal authorities
§ 32-2-1216	Enforcement of notices or orders
§ 32-2-1217	Violation of notice or final order — penalties

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Terms Used In Montana Code > Title 32 > Chapter 2 > Part 12 - Removal of Directors or Officers

Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Board member: means a member of the board of directors of the institution. See Montana Code 32-2-1201
Cease and desist order that has become final: means a cease and desist order or an order with respect to which:

(a)a timely petition for review of the action has not been filed; 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. See Montana Code 32-2-1201
Commissioner: means the commissioner of banking and financial institutions as provided in 32-1-211. See Montana Code 32-2-603
Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
Conviction: A judgement of guilt against a criminal defendant.
Department: means the department of administration provided for in 2-15-1001. See Montana Code 32-2-603
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Fiduciary: A trustee, executor, or administrator.
Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
Institution: means a state mutual association. See Montana Code 32-2-1201
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Member: means all holders of the mutual association's savings, demand, including other authorized members on accounts. See Montana Code 32-2-603
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
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
Quorum: The number of legislators that must be present to do business.
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
Violation: includes without limitation any action, alone or with others, that causes, counsels, aids, or abets a violation. See Montana Code 32-2-1201