INVESTMENTS BY BANKS TO PROMOTE THE PUBLIC WELFARE

Administrative Rules of Montana (ARM)

Section: 2.59.113

Jurisdiction: MT

Bluebook Citation: Mont. Admin. R. 2.59.113

(1) The department incorporates by reference the Office of the Comptroller of the Currency Code of Federal Regulations ( 12 CFR Part 24.1 through 24.7 , 1996 edition) that implement 12 USC 24 , which authorizes national banks to make investments designed primarily to promote the public welfare, including the welfare of low and moderate income areas or individuals, such as providing housing, services, or jobs. Authorizing statute(s): 32-1-218 , 32-1-422 , MCA Implementing statute(s): 32-1-422 , MCA History: NEW, 2000 MAR p. 2306, Eff. 8/25/00; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2025 MAR, Notice No. 2025-900, Eff. 9/13/25.

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