Montana Statutes
§ 80-12-202 — Immediate Repayment
80-12-202 . Immediate repayment. If an applicant who has obtained the approval of the authority for the issuance of a bond to fund the applicant's loan for the acquisition of farm or ranch land sells the land for which the loan was made to any person, firm, or corporation other than the applicant's spouse, children, or corporation wholly owned by them, the loan must be repaid in full.
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Legislative History
En. Sec. 6, Ch. 580, L. 1983; amd. Sec. 2618, Ch. 56, L. 2009.
Nearby Sections
15
§ 80-12-101
Short Title§ 80-12-102
Definitions§ 80-12-104
Powers To Be Interpreted Broadly§ 80-12-201
Loan Agreements -- General Provisions§ 80-12-202
Immediate Repayment§ 80-12-203
Qualifications Of Applicants§ 80-12-204
Evaluation Of Applicants§ 80-12-205
Purchase Of Loans§ 80-12-206
Through 80-12-210 Reserved§ 80-12-212
Through 80-12-214 Reserved§ 80-12-215
Loan Guaranty Program§ 80-12-216
Agricultural Loan Guaranty Fund