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Rule Title: OTHER APPROVED QUASI-GOVERNMENT SECURITIES
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Mutual Savings and Loan Associations
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.2053    OTHER APPROVED QUASI-GOVERNMENT SECURITIES

(1)  Certain other securities are approved for mutual association investment. There is no dollar limit on a mutual association's investment in: 

(a)  general services administration (participation certificates);

(b)  maritime administration (bonds and notes); and

(c)  Washington metropolitan area transit authority (bonds).

(2)  A mutual association's investment is limited to 50% of capital in:

(a)  Asian development bank (bonds and notes);

(b)  financing corporation (FICO) (bonds);

(c)  Inter-American development bank (bonds);

(d)  resolution funding corporation (REFCORP) (bonds);

(e)  Tennessee valley authority (TVA) (bonds); and

(f)  world bank (bonds and notes).

 

History: 32-2-911, MCA; IMP, 32-2-908, 32-2-911, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.


 

 
MAR Notices Effective From Effective To History Notes
2-59-615 2/12/2022 Current History: 32-2-911, MCA; IMP, 32-2-908, 32-2-911, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.
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