{"data":{"id":"us-mt/32-3-505","jurisdiction":"us-mt","citation":"32-3-505","heading":"Joint accounts.","body":"(1) A member may designate any person or persons to hold shares and thrift club accounts with the member in joint tenancy with the right of survivorship, as a tenant in common, or under any other form of multiple-party account ownership permitted by law and allowed by the credit union. A joint tenant, unless a member in the joint tenant's own right, may not be permitted to vote, obtain loans, or hold office or be required to pay an entrance or membership fee. If a credit union allows more than one joint owner to seek credit union membership through a joint account, the joint account must contain a membership share for each joint owner seeking membership.\n(2) Payment of part or all of a joint account to any of the joint owners, to the extent of the payment, discharges the liability to all joint owners.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 3. CREDIT UNIONS","Part 5. Shares and Accounts"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0030/part_0050/section_0050/0320-0030-0050-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:59Z","sha256":"35e46e7609942be34add0887e63e9cb6aed4aff18a5fef3afef3c2ea15d851a6","source_id":"us-mt","stale":false,"prev":"us-mt/32-3-504","next":"us-mt/32-3-506"},"notice":"GroundRules: Original legal text. Not legal advice."}