Montana legislation · 2025 Regular Session
Montana HB434: Revise banking laws relating to interactive teller machines
Status: Signed into law, April 7, 2025
What the bill says
An act revising banking laws to provide that an interactive teller machine does not constitute a branch bank under certain circumstances; defining interactive teller machine; revising definitions; and amending sections 32-1-109 and 32-6-103, mca.
From the engrossed text:
AN ACT REVISING BANKING LAWS TO PROVIDE THAT AN INTERACTIVE TELLER MACHINE DOES NOT CONSTITUTE A BRANCH BANK UNDER CERTAIN CIRCUMSTANCES; DEFINING INTERACTIVE TELLER MACHINE; REVISING DEFINITIONS; AND AMENDING SECTIONS 32-1-109 AND 32-6-103, MCA. Section 1. Section 32-1-109, MCA, is amended to read: "32-1-109. Definitions. As used in this chapter, unless the context requires otherwise, the following definitions apply: (1) "Acquire" (b) the direct or indirect purchase of assets and liabilities; or (c) a merger. (2) "Acquiring party" means the person acquiring control of a bank through the purchase of stock. (3) "Affiliate" has the meaning given in 12 U.S.C. 1841(k). (4) "Bank holding company" means a bank holding company or a financial holding company registered under the federal Bank Holding Company Act of 1956, as amended, regardless of where the entity is located or has its headquarters. (5) "Branch" means: (a) in the case of a bank, a banking house, other than the main banking house, maintained and operated by a bank doing business in the state and at which deposits are received, checks are paid, or money is lent. The term does not include a satellite terminal, as defined in 32-6-103, an interactive teller machine as defined in this section, a loan production office, or the office of an affiliated depository institution acting as an agent under 12 …
Sponsors
- Walsh, Ken (R, 69) · primary sponsor
- Hunter, Gregg (R, 15)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
Votes
- Do Concur (March 24, 2025): 47 yea, 3 nay, passed
- Do Concur (March 21, 2025): 49 yea, 1 nay, passed
- Do Pass (February 22, 2025): 98 yea, 0 nay, passed
- Do Pass (February 21, 2025): 98 yea, 0 nay, passed
Subjects: Financial Institutions
Common questions
- What is HB434?
- HB434 is a bill in the Montana Legislature (2025 Regular Session): Revise banking laws relating to interactive teller machines.
- What does HB434 do?
- In its own words: An act revising banking laws to provide that an interactive teller machine does not constitute a branch bank under certain circumstances; defining interactive teller machine; revising definitions; and amending sections 32-1-109 and 32-6-103, mca.
- What is the status of HB434?
- Signed into law as of April 7, 2025. Latest action: Chapter Number Assigned (April 7, 2025).
- Who sponsored HB434?
- Walsh, Ken (R, 69), with 1 co-sponsor.
- Where is the official record for HB434?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4256
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.