Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.21 - Foreign Trust Companies
Rule 2.59.2102 - OUT-OF-STATE STATE-CHARTERED BANK OR NATIONAL BANK SEEKING TO EXERCISE FIDUCIARY POWERS IN MONTANA
Universal Citation: MT Admin Rules 2.59.2102
Current through Register Vol. 18, September 20, 2024
(1) An out-of-state state-chartered or national bank that seeks to act as a fiduciary foreign trust company in Montana must provide:
(a) the
Fiduciary Foreign Trust Company Application, October 30, 2023, version, which
is available on the department's website at banking.mt.gov;
(b) certification from the primary regulator
stating:
(i) that the bank is lawfully
chartered;
(ii) that the bank is
operating in good standing;
(iii)
that banking or trust corporations or corporations organized under the laws of
Montana or national banking associations that maintain their principal offices
in Montana are permitted to act as trustees, guardians, or conservators in the
state in which the applicant maintains its principal office; and
(c) the physical location of any
principal or trust representative office located in Montana.
AUTH: 32-1-1007, MCA; IMP: 32-1-1002, 32-1-1007, MCA
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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