Mont. Code § 32-1-503

Current through the 2023 Regular Session
Section 32-1-503 - Bank insolvent when

A bank is insolvent within the meaning of this chapter when all of its capital, surplus, and undivided profits are absorbed in losses and the remaining assets are not sufficient to pay and discharge its contracts, debts, and engagements.

§ 32-1-503, MCA

En. Sec. 88, Ch. 89, L. 1927; re-en. Sec. 6014.99, R.C.M. 1935; R.C.M. 1947, 5-1015.