Public-domain · open source
OpenJurist

Mont. Code Ann. § 35-21-851

Director, officer, or trustee loans -- penalties

Known as the Mausoleum-Columbarium Act

The act spans §§ 35–35 (33 sections).

En

(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.

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.