Whenever a mutual association ceases to do business as a mutual association, taxes may not be levied or collected in accordance with the laws governing the assessment of mutual associations but its property must be assessed in accordance with the laws governing the assessment of similar property of private corporations.
Mont. Code Ann. § 32-2-1008
Taxes on mutual associations that have ceased to do business
Known as the Mutual Savings and Loan Association Act
The act spans §§ 32–32 (233 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.