{"data":{"id":"us-mt/32-3-1008","jurisdiction":"us-mt","citation":"32-3-1008","heading":"Concealing actions from directors.","body":"(1) An officer or employee of a credit union who intentionally conceals from the directors or a committee of the directors any of the actions under subsection (2) may be charged with a misdemeanor, and upon being found guilty or pleading guilty is subject for each offense to a term of not more than 12 months in the county jail or a fine by the department of administration of not more than $500, or both.\n(2) The following actions intentionally concealed from the directors are violations of this chapter:\n(a) providing a discount, an extension of credit, or a loan made on behalf of the credit union; or\n(b) purchasing a security, selling any of the credit union's securities, or making any guarantee, repurchase agreement, or other agreement obligating the credit union.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 3. CREDIT UNIONS","Part 10. Penalties"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0030/part_0100/section_0080/0320-0030-0100-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:00Z","sha256":"4fa531c68dc6941cfc65b80e7f0e463d037112da0b201b56d191278b517fb2ac","source_id":"us-mt","stale":false,"prev":"us-mt/32-3-1006","next":"us-mt/32-3-1009"},"notice":"GroundRules: Original legal text. Not legal advice."}