Montana § 18-1-303 Interest Or Income On Deposits To Contractor

Montana Statutes

§ 18-1-303 — Interest Or Income On Deposits To Contractor

Montana § 18-1-303

Title 18PUBLIC CONTRACTS

Ch. 1PUBLIC CONTRACTS GENERALLY

Part 3Prepayment of Public Contractors

This text of Montana § 18-1-303 (Interest Or Income On Deposits To Contractor) 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. § 18-1-303 (2026).

Text

18-1-303 . Interest or income on deposits to contractor.

(1)The contracting agency or any national bank, state bank, trust company, or safe deposit company located in the state of Montana, designated by the contractor to serve as custodian for the obligations pursuant to 18-1-302 , shall collect all interest or income when due on the obligations so deposited and shall pay the same, when and as collected, to the contractor who deposited the obligation.

(2)If deposited in the form of coupon bonds, the contracting agency or the designated custodian, pursuant to 18-1-302 , shall deliver each such coupon as it matures to the contractor.

Free access — add to your briefcase to read the full text and ask questions with AI

18-1-303 . Interest or income on deposits to contractor. (1) The contracting agency or any national bank, state bank, trust company, or safe deposit company located in the state of Montana, designated by the contractor to serve as custodian for the obligations pursuant to 18-1-302 , shall collect all interest or income when due on the obligations so deposited and shall pay the same, when and as collected, to the contractor who deposited the obligation.
(2) If deposited in the form of coupon bonds, the contracting agency or the designated custodian, pursuant to 18-1-302 , shall deliver each such coupon as it matures to the contractor.