{"data":{"id":"us-mt/32-4-101","jurisdiction":"us-mt","citation":"32-4-101","heading":"Definitions.","body":"As used in this chapter, the following words and phrases, unless differently defined or described, shall have the meanings and references as follows:\n(1) \"board of directors\"--the board of directors of a corporation created under this chapter;\n(2) \"corporation\"--a Montana development corporation created under this chapter;\n(3) \"financial institution\"--any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation, or other institution engaged primarily in lending or investing funds;\n(4) \"loan limit\"--for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation, as determined under the provisions of this chapter;\n(5) \"member\"--any financial institution authorized to do business within this state which shall undertake to lend money to a corporation created under this chapter, upon its call and in accordance with the provisions of this chapter.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 4. DEVELOPMENT CORPORATION ACT","Part 1. General Provisions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0040/part_0010/section_0010/0320-0040-0010-0010.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:00Z","sha256":"9a9bd1bea15b7a713b82c4ec50fabcdfc919407d8fa6068764bb91750f472c91","source_id":"us-mt","stale":false,"prev":"us-mt/32-3-1013","next":"us-mt/32-4-102"},"notice":"GroundRules: Original legal text. Not legal advice."}