Montana § 18-1-304 Priority Of Deductions From Retained Payments And Proceeds Of Deposited Obligation

Montana Statutes

§ 18-1-304 — Priority Of Deductions From Retained Payments And Proceeds Of Deposited Obligation

Montana § 18-1-304

Title 18PUBLIC CONTRACTS

Ch. 1PUBLIC CONTRACTS GENERALLY

Part 3Prepayment of Public Contractors

This text of Montana § 18-1-304 (Priority Of Deductions From Retained Payments And Proceeds Of Deposited Obligation) 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. § 18-1-304 (2026).

Text

18-1-304 . Priority of deductions from retained payments and proceeds of deposited obligation. Any amount deducted by the state of Montana or by any department, agency, or political subdivision thereof pursuant to the terms of a contract from the retained payments otherwise due to the contractor thereunder shall be deducted first from that portion of the retained payments for which no obligation has been substituted, then from the proceeds of any deposited obligation. In the latter case, the contractor shall be entitled to receive the interest, coupons, or income only from those obligations which remain on deposit after such amount has been deducted.

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

18-1-304 . Priority of deductions from retained payments and proceeds of deposited obligation. Any amount deducted by the state of Montana or by any department, agency, or political subdivision thereof pursuant to the terms of a contract from the retained payments otherwise due to the contractor thereunder shall be deducted first from that portion of the retained payments for which no obligation has been substituted, then from the proceeds of any deposited obligation. In the latter case, the contractor shall be entitled to receive the interest, coupons, or income only from those obligations which remain on deposit after such amount has been deducted.