A mutual association must have its qualified thrift investments:
(1) equal or exceed 50% of its portfolio assets; and
(2) continue to equal or exceed 50% of its assets on a monthly average basis in 9 out of every 12 months.
Mont. Code Ann. § 32-2-818
Requirements of state mutual association
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.