Montana Statutes
§ 7-3-1318 — Additional Or New Deposit Security
Montana·Title 7 LOCAL GOVERNMENT·Ch. 3 ALTERNATIVE FORMS OF LOCAL GOVERNMENT·Part 13 City-County Consolidation -- Option 2 Continued
7-3-1318 . Additional or new deposit security. Whenever for any cause the commission shall deem the bonds or securities of any bank insufficient security for the municipal funds deposited or likely to be deposited therein, the commission shall require new bonds to be given or new securities to be deposited with the treasurer. If any bank shall fail promptly to execute and present such new bonds or deposit such new securities, the treasurer shall at once withdraw all deposits therefrom, and no further deposit of municipal funds shall be made therein until such bank shall have been redesignated by the commission as a depository.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 7-3-1318 (Additional Or New Deposit Security) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 66, Ch. 121, L. 1923; re-en. Sec. 5520.67, R.C.M. 1935; R.C.M. 1947, 11-3507.
Nearby Sections
15
§ 7-3-101
Compliance With Constitution§ 7-3-102
Adoption Of Alternative Form§ 7-3-105
Plan Of Government§ 7-3-106
Effect Of Change In Government§ 7-3-107
Through 7-3-110 Reserved§ 7-3-1101
City-County Consolidation Authorized§ 7-3-1102
Plan Of Consolidation§ 7-3-1103
Effect Of Consolidation