2.59.2033    CLOSURE OR RELOCATION OF A BRANCH

(1)  A Montana state-chartered mutual association that desires to relocate or close a branch temporarily or permanently shall give notice to its customers using the customer Notice of Relocation of Mutual Association Branch form (relocation form) dated July 9, 2021, or customer Notice of Closure of Mutual Association Branch form (closure form) dated July 9, 2021.  The forms are located on the department's website at banking.mt.gov.  A mutual association may amend the form as needed or include additional information in the form as appropriate. 

(2)  The relocation or closure form shall be provided to customers of the branch by posting it at the branch at least 30 days before the relocation or closure of the branch.  The relocation or closure form shall be provided to the department at the same time.  The mutual association shall also notify its customers at least 30 days before the relocation or closure, by any effective method.

(3)  The department reserves the right to request additional information regarding closure or relocation of a branch.

History: 32-2-701, 32-2-704, MCA; IMP, 32-2-701, 32-2-704, 32-2-828, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.