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Rule Title: DEBT SECURITIES FOR DEBTS PREVIOUSLY CONTRACTED
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Department: ADMINISTRATION, DEPARTMENT OF
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Approved Investments
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.1607    DEBT SECURITIES FOR DEBTS PREVIOUSLY CONTRACTED

(1) Debt securities received by a bank in good faith, in satisfaction of debts previously contracted, are not subject to the limitations of applicable sections of ARM 2.59.1601 through 2.59.1606, if the book value of such obligations in excess of the limitations of the rule is reduced to the amount allowed within six months after the date the obligations are acquired.

History: Sec. 32-1-433, MCA; IMP, Sec. 32-1-424, 32-1-433, MCA; NEW, 2002 MAR p. 166, Eff. 2/1/02.


 

 
MAR Notices Effective From Effective To History Notes
2/1/2002 Current History: Sec. 32-1-433, MCA; IMP, Sec. 32-1-424, 32-1-433, MCA; NEW, 2002 MAR p. 166, Eff. 2/1/02.
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