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2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 21. Mausoleum and Columbarium Authorities
Part 8. Mausoleum-Columbarium Authorities
35-21-851. Director, officer, or trustee loans -- penalties
Universal Citation: MT Code § 35-21-851 (2019)
35-21-851. Director, officer, or trustee loans -- penalties. (1) A director or officer of the mausoleum-columbarium authority or trustee of the endowment care or special care fund may not borrow any endowment care or special care funds of the corporation, directly or indirectly.
(2) A director, officer, or trustee authorizing or consenting to a loan and the person who receives a loan in violation of this section are severally guilty of a misdemeanor.
History: En. Sec. 27, Ch. 283, L. 1999.
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