{"data":{"id":"us-mt/32-2-908","jurisdiction":"us-mt","citation":"32-2-908","heading":"Investments of financial institutions.","body":"(1) Notwithstanding other provisions of the law, it is lawful for a mutual association operating under the laws of this state to invest the funds or money in its custody or possession, eligible for investment, in:\n(a) debentures issued by the federal housing administrator and in obligations of national mortgage associations; and\n(b) United States government obligations, either directly or in the form of securities of or other interests in an open-end or closed-end management type investment company or investment trust registered under the Investment Company Act of 1940, 15 U.S.C. 80a-1 through 80a-64, as amended, if:\n(i) the portfolio of the investment company or investment trust is limited to United States government obligations and repurchase agreements fully collateralized by United States government obligations; and\n(ii) the investment company or investment trust takes delivery of the collateral for any repurchase agreement, either directly or through an authorized custodian.\n(2) The department shall publish a list of the permissible type of investments in United States government obligations as provided in subsection (1).","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS","Part 9. Operation and Regulation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0020/part_0090/section_0080/0320-0020-0090-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:56Z","sha256":"e34288ce9a2737e3699aafb7547b7f1386712c6fe3145ad071ccd8d60a30f2ec","source_id":"us-mt","stale":false,"prev":"us-mt/32-2-907","next":"us-mt/32-2-909"},"notice":"GroundRules: Original legal text. Not legal advice."}