32-1-105 Commercial bank defined
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MT Code › Title 32 › Chapter 1 › Part 1 › Section 32-1-105
Text
32-1-105 . Commercial bank defined. The term "commercial bank" means any bank authorized by law to:
(1) receive deposits of money;
(2) deal in commercial paper or make loans on commercial paper;
(3) lend money on real or personal property;
(4) engage in business activities directly or indirectly through affiliates or subsidiaries;
(5) discount bills, notes, or other commercial papers; and
(6) buy and sell securities, gold and silver bullion, foreign coins, or bills of exchange.
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