32-11-309. Restrictions on financing assistance - Montana Statutes

     32-11-309. Restrictions on financing assistance . (1) A licensee may not directly or indirectly provide financing assistance to an associate of the licensee.
     (2) A licensee may not directly or indirectly provide financing assistance to discharge or to free money for use in discharging part or all of an obligation to an associate of the licensee. This subsection does not apply to a transaction of an associate of a licensee in the normal course of the associate's business involving a line of credit or financing assistance with a term of not more than 5 years.

     History: En. Sec. 37, Ch. 411, L. 2007.