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Rule Title: FOREIGN SAVINGS AND LOAN ASSOCIATION EXEMPTION
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Department: STATE AUDITOR
Chapter: SECURITIES DEPARTMENT
Subchapter: Exemptions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.10.302    FOREIGN SAVINGS AND LOAN ASSOCIATION EXEMPTION

(1) By authority delegated to the commissioner in 30-10-105, MCA, a transaction in a security issued by and representing an interest in or a debt of or guaranteed by a savings and loan association or a building and loan or similar association, other than those described in 30-10-104(4) , MCA, is exempt from the registration requirements of 30-10-202, MCA, if:

(a) it is sold through a registered broker-dealer and registered salesperson;

(b) the issuer is a member of the federal deposit insurance corporation; or

(c) in the case of a certificate of deposit, the sums representing the certificate of deposit are fully insured by the federal deposit insurance corporation.

 

History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1988 MAR p. 1803, Eff. 8/12/88; AMD, 1994 MAR p. 569, Eff. 3/18/94; TRANS from ARM 6.10.125, 2008 MAR . 2046, Eff. 9/26/08; AMD, 2020 MAR p. 1874, Eff. 10/24/20.


 

 
MAR Notices Effective From Effective To History Notes
6-250 10/24/2020 Current History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1988 MAR p. 1803, Eff. 8/12/88; AMD, 1994 MAR p. 569, Eff. 3/18/94; TRANS from ARM 6.10.125, 2008 MAR . 2046, Eff. 9/26/08; AMD, 2020 MAR p. 1874, Eff. 10/24/20.
6-180 9/26/2008 10/24/2020 History: 30-10-105, 30-10-107, MCA; IMP, 30-10-105, MCA; NEW, 1988 MAR p. 1803, Eff. 8/12/88; AMD, 1994 MAR p. 569, Eff. 3/18/94; TRANS, from ARM 6.10.125, 2008 MAR p. 2046, Eff. 9/26/08.
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