{"data":{"id":"us-mt/32-1-106","jurisdiction":"us-mt","citation":"32-1-106","heading":"Savings bank defined.","body":"The term \"savings bank\" means a bank organized only for the purpose of accumulating and loaning the funds of its members, stockholders, and depositors and which may:\n(1) loan and invest the funds thereof;\n(2) receive deposits of money; loan, invest, and collect the same with interest; and repay depositors with or without interest;\n(3) sell credit life and disability insurance on loans to its borrowers;\n(4) invest said funds and moneys in such property, securities, and obligations as may be prescribed by this chapter; and\n(5) declare and pay:\n(a) dividends on its general deposits; and\n(b) a stipulated rate of interest on deposits made for a stated period or upon special terms.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 1. BANKS AND TRUST COMPANIES","Part 1. General Provisions -- Definitions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0010/part_0010/section_0060/0320-0010-0010-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:47Z","sha256":"832f66a10a42abe6e9f2be528638f3e739aeea6f54c64102c5b0d5d498b5c147","source_id":"us-mt","stale":false,"prev":"us-mt/32-1-105","next":"us-mt/32-1-107"},"notice":"GroundRules: Original legal text. Not legal advice."}