# Mont. Code Ann. § 32-3-206: 32-3-206 Authorized activities of credit unions

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-206

## Section

- **Citation:** Mont. Code Ann. § 32-3-206
- **Heading:** 32-3-206 Authorized activities of credit unions
- **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 32-3-206

## Text

32-3-206 . Authorized activities of credit unions. Upon written application to the department of administration, a credit union may engage in any activity in which a credit union could engage if it were operating as a federal chartered credit union at the time the authority is granted. The activities include but are not limited to the power to do any act and to own, possess, and carry as assets property including stocks, bonds, or other debentures that, at the time the authority is granted, are authorized under federal laws and regulations for transactions by federal credit unions and are not subject to any restrictions contained elsewhere in Montana law. However, the department may not charter a credit union not having a common bond of membership as defined in 32-3-304 . The department shall approve an activity if it finds that the activity fosters competitive equality between state and federal credit unions and prevents adverse effects on members of state-chartered credit unions. If the department disapproves an activity, the credit union must be given an opportunity for a hearing pursuant to Title 2, chapter 4, part 6, to determine whether a compelling reason exists for denying approval of the activity for which the credit union applied.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C3_P2_S32-3-206. Check the current official text before relying on it. Not legal advice.