Montana § 17-1-113 Securities Lending Program

Montana Statutes

§ 17-1-113 — Securities Lending Program

Montana § 17-1-113

Title 17STATE FINANCE

Ch. 1GENERAL ADMINISTRATION

Part 1General Administration and Fiscal Officers

This text of Montana § 17-1-113 (Securities Lending Program) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 17-1-113 (2026).

Text

17-1-113 . Securities lending program. The state treasurer may, subject to the approval of the state board of investments, establish a securities lending program for all securities held in custody under 17-1-111 . All loaned securities must be secured by equivalent securities of the same class in an amount equal to at least 100% of the market value of the loaned securities as determined by the board. All fees and proceeds earned by the securities lending program must be deposited pro rata in the funds that loaned the securities.

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17-1-113 . Securities lending program. The state treasurer may, subject to the approval of the state board of investments, establish a securities lending program for all securities held in custody under 17-1-111 . All loaned securities must be secured by equivalent securities of the same class in an amount equal to at least 100% of the market value of the loaned securities as determined by the board. All fees and proceeds earned by the securities lending program must be deposited pro rata in the funds that loaned the securities.