Montana Statutes
§ 18-1-302 — Servicing Of Deposited Obligations
Montana·Title 18 PUBLIC CONTRACTS·Ch. 1 PUBLIC CONTRACTS GENERALLY·Part 3 Prepayment of Public Contractors
18-1-302 . Servicing of deposited obligations. After notice to the owner and surety, the contracting agency shall have the power to enter into a contract or agreement with any national bank, state bank, trust company, or safe deposit company located in the state of Montana, designated by the contractor, to provide for the custodial care and servicing of any obligations deposited with it pursuant to this part. Such services shall include the safekeeping of said obligations and the rendering of all services required to effectuate the purposes of this part.
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Legislative History
En. Sec. 2, Ch. 194, L. 1969; R.C.M. 1947, 82-4102; amd. Sec. 2, Ch. 113, L. 1985.
Nearby Sections
15
§ 18-1-101
Definitions§ 18-1-103
Resident Defined§ 18-1-104
Repealed§ 18-1-105
Repealed§ 18-1-107
Through 18-1-109 Reserved§ 18-1-112
Repealed§ 18-1-113
Bidder To Submit Affidavit -- Penalty§ 18-1-114
Rules§ 18-1-115
Through 18-1-117 Reserved§ 18-1-201
Requirement For Bidder's Security