Revise laws regarding purchase of banks by credit unions

SB 489 prohibits Montana credit unions from purchasing banks, bank assets, or bank liabilities. It directly affects Montana credit unions by amending Section 32-3-401 of the Montana Code to explicitly ban such acquisitions within the credit union's authorized powers. The key mechanism adds a clear prohibition to the existing statute, stating credit unions "may not acquire a bank, a bank's assets, a bank's liabilities, or any other aspect of a bank or a bank's business." This bill would have restricted credit unions from expanding into banking operations through acquisitions.