Mont. Admin. r. 38.5.1107 - INTEREST ON DEPOSITS

(1) Interest on deposits held shall be accrued at the rate of 6% per year. Interest shall be computed from the time of the deposit to the time of refund or termination, to the nearest whole month, without compounding. This rule is effective October 1, 2002, applies to deposits received on and after October 1, 2002, and applies to the remaining period of deposits existing before October 1, 2002.

Notes

Mont. Admin. r. 38.5.1107

IMP, 1975 HJR 27; NEW, Eff. 4/5/77; AMD, 1978 MAR p. 722, Eff. 5/26/78; AMD, 1981 MAR p. 1791, Eff. 12/18/81; AMD, 2002 MAR p. 1995, Eff. 10/1/02.

69-3-103, 69-3-306, MCA;