MontanaProposal would limit credit unions' power to buy bank businesses
The failed proposal would prevent credit unions from using their general power to acquire property to buy banks or take on their debts.
What it does
Credit unions would not be allowed to use their general property powers to buy banks, acquire bank assets, take on bank debts, or acquire other parts of bank businesses.
Argument forBlocking bank purchases under credit unions' property powers could reduce members' exposure to bank debts taken on through those deals.
Argument againstThe restriction could leave banks with fewer potential buyers by preventing credit unions from using their property powers to buy them.
More detail
Credit unions would not be allowed to use their general power to acquire property to buy a bank or any part of its business. It covers banks, their assets, such as money and property, and their liabilities, meaning debts and other obligations. The restriction applies to the property powers granted by this subsection.
Where do you stand?
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Where it stands
- Introduced
- Died
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 23(S) Died in ProcessDied
- Mar 12(S) Missed Deadline for General Bill Transmittal
- Mar 4(S) Tabled in Committee - (S) Business, Labor and Economic AffairsMinor
- Vote recorded to_table. Result: pass.Upper
- Feb 28(S) Hearing - (S) Business, Labor and Economic Affairs
- Feb 26(S) Referred to Committee - (S) Business, Labor and Economic AffairsMinor
- Feb 25(S) 1st Reading
- Feb 25(S) Introduced
- Feb 24(LC) Draft Delivered to Requester
- Feb 24(LC) Draft Ready for Delivery
- Feb 24(LC) Draft in Assembly
- Feb 24(LC) Draft in Final Drafter Review
- Feb 21(LC) Draft in Input/Proofing
- Feb 17(LC) Draft in Edit
- Feb 17(LC) Draft in Legal Review
- 2024
- Dec 14(LC) Drafter AssignedIntroduced
Economy & Jobs