# Mont. Code Ann. § 32-1-106: 32-1-106 Savings bank defined

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C1_P1_S32-1-106

## Section

- **Citation:** Mont. Code Ann. § 32-1-106
- **Heading:** 32-1-106 Savings bank defined
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 32 / Chapter 1 / Part 1 / Section 32-1-106

## Text

32-1-106 . Savings bank defined. The term "savings bank" means a bank organized only for the purpose of accumulating and loaning the funds of its members, stockholders, and depositors and which may:

(1) loan and invest the funds thereof;

(2) receive deposits of money; loan, invest, and collect the same with interest; and repay depositors with or without interest;

(3) sell credit life and disability insurance on loans to its borrowers;

(4) invest said funds and moneys in such property, securities, and obligations as may be prescribed by this chapter; and

(5) declare and pay:

(a) dividends on its general deposits; and

(b) a stipulated rate of interest on deposits made for a stated period or upon special terms.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C1_P1_S32-1-106. Check the current official text before relying on it. Not legal advice.