This bill amends the current regulations regarding the term lengths of bank directors, allowing for staggered terms to enhance governance and continuity within banking institutions. Specifically, it modifies Sections 32-1-301 and 32-1-322 of the Montana Code Annotated (MCA) to facilitate these changes, although the exact legal language of the insertions and deletions is not provided in the summary.

Additionally, the bill includes a provision for an immediate effective date, ensuring that the new regulations can be implemented without delay. This change aims to improve the operational efficiency of banks by providing a more flexible structure for director terms.

Statutes affected:
SB0430_1.pdf: 32-1-301, 32-1-322
Introduced: 32-1-301, 32-1-322