2.60.905    POWERS OF INTERIM BANK BEFORE MERGER

(1) An interim bank may take only those corporate and fiduciary steps and actions reasonably incidental and necessary to facilitate and complete the merger. Such limitation does not preclude the State Banking Board from ordering the department to grant a certificate of authorization, and to otherwise facilitate and authorize the formation and incorporation of the interim bank.

History: 32-1-218, MCA; IMP, 32-1-109, 32-1-218, MCA; NEW, 2013 MAR p. 1818, Eff. 10/18/13