# Mont. Code Ann. § 32-3-203: 32-3-203 Examinations

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-203

## Section

- **Citation:** Mont. Code Ann. § 32-3-203
- **Heading:** 32-3-203 Examinations
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 32 / Chapter 3 / Part 2 / Section 32-3-203

## Text

32-3-203 . Examinations. (1) The department of administration shall examine or cause to be examined each credit union on a schedule determined by the department. Each credit union and all of its officers and agents shall give representatives of the department full access to all books, papers, securities, records, and other sources of information under their control. For the purpose of the examination, the representatives may subpoena witnesses, administer oaths, compel the giving of testimony, and require the submission of documents.

(2) A report of the examination must be forwarded to the executive officer of each credit union promptly after completion. The report must contain comments relative to the management of the affairs of the credit union and also as to the general condition of its assets. Within 60 days after the receipt of the report, the directors and committee members shall meet to consider matters contained in the report.

(3) In lieu of making an examination of a credit union, the department may accept an audit report of the condition of the credit union made by an auditor approved by the department. The cost of the audit must be borne by the credit union.

## Nearby sections

- [Mont. Code Ann. § 32-3-201 32-3-201 Department of administration](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-201.md)
- [Mont. Code Ann. § 32-3-202 32-3-202 Reports](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-202.md)
- [Mont. Code Ann. § 32-3-203 32-3-203 Examinations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-203.md)
- [Mont. Code Ann. § 32-3-204 32-3-204 Records](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-204.md)
- [Mont. Code Ann. § 32-3-205 32-3-205 Cease and desist orders -- suspension -- involuntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-205.md)
- [Mont. Code Ann. § 32-3-206 32-3-206 Authorized activities of credit unions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-206.md)
- [Mont. Code Ann. § 32-3-207 32-3-207 Confidentiality -- penalties](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-207.md)
- [Mont. Code Ann. § 32-3-211 32-3-211 Conservatorship](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-211.md)
- [Mont. Code Ann. § 32-3-212 32-3-212 Involuntary merger](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-212.md)
- [Mont. Code Ann. § 32-3-215 32-3-215 Out-of-state credit unions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-215.md)
- [Mont. Code Ann. § 32-3-216 32-3-216 Conducting business outside this state](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-216.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-203. Check the current official text before relying on it. Not legal advice.