{"data":{"id":"us-mt/32-2-1106","jurisdiction":"us-mt","citation":"32-2-1106","heading":"Closed savings institutions empowered to borrow from corporation.","body":"(1) If a savings institution is closed on account of the savings institution's inability to meet the demands of its depositors, by action of the department, by action of its directors, or in the event of its insolvency or suspension, the department or the department's agent may borrow from the corporation and furnish any of the assets of the savings institution to the corporation as security for a loan from the corporation. The department may sell to the corporation any part or all of the assets of the savings institution.\n(2) The provisions of this section do not limit the power of a savings institution or the department to pledge or sell assets in accordance with any existing law.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS","Part 11. Federal Deposit Insurance Corporation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0020/part_0110/section_0060/0320-0020-0110-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:57Z","sha256":"359df4d971bb8f5ea377b4d5e276f3c51c12f4ea094b1473adc8b3348939025a","source_id":"us-mt","stale":false,"prev":"us-mt/32-2-1105","next":"us-mt/32-2-1201"},"notice":"GroundRules: Original legal text. Not legal advice."}