{"data":{"id":"us-mt/32-2-931","jurisdiction":"us-mt","citation":"32-2-931","heading":"Persons previously convicted -- rulemaking.","body":"(1) Unless the commissioner provides written consent:\n(a) a person who has been convicted of a criminal offense involving dishonesty or a breach of trust or money laundering or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense may not:\n(i) become or continue as an institution-affiliated party with respect to any mutual association;\n(ii) own or control, directly or indirectly, any mutual association; or\n(iii) otherwise participate, directly or indirectly, in the conduct of the affairs of any mutual association; and\n(b) a mutual association may not permit any person referred to in subsection (1)(a) to engage in any conduct or continue any relationship prohibited under subsection (1)(a).\n(2) A person who knowingly violates subsection (1)(a) is subject to the penalties in 32-2-607(5).\n(3) The commissioner may adopt rules to implement this section.","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_0310/0320-0020-0090-0310.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:56Z","sha256":"0b0c17acc36ba8358ab4eecd8d779cc1f85fd53fd99b5f2ef49e715e34814027","source_id":"us-mt","stale":false,"prev":"us-mt/32-2-930","next":"us-mt/32-2-932"},"notice":"GroundRules: Original legal text. Not legal advice."}