(1) A bank that declares a dividend shall use the Report of Declaration and Payment of Dividend form dated June 29, 2020, which is located at banking.mt.gov to report to the department. 

(2) A bank that requires department approval prior to paying a dividend pursuant to 32-1-452, MCA, may use the Dividend Approval Request form dated December 7, 2020, which is located on the department's website at banking.mt.gov.

(3) Upon receipt of a complete and accurate request for approval to pay a dividend, the department shall respond with a determination in not more than 10 business days.