Montana Statutes
§ 17-1-113 — Securities Lending Program
Montana·Title 17 STATE FINANCE·Ch. 1 GENERAL ADMINISTRATION·Part 1 General Administration and Fiscal Officers
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 17-1-113 (Securities Lending Program) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 1, Ch. 272, L. 1981.
Nearby Sections
15
§ 17-1-101
Definition Of Department§ 17-1-103
Assistance To Legislature§ 17-1-104
Definitions§ 17-1-105
Statewide Cost Allocation Plan§ 17-1-108
Through 17-1-110 Reserved§ 17-1-111
General Fiscal Duties Of State Treasurer§ 17-1-112
Access To Offices§ 17-1-113
Securities Lending Program§ 17-1-114
Through 17-1-120 Reserved§ 17-1-121
Repealed§ 17-1-123
Repealed