Montana § 90-4-1217 Presumptions Of Validity Of Bonds

Montana Statutes

§ 90-4-1217 — Presumptions Of Validity Of Bonds

Montana § 90-4-1217

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 4ENERGY DEVELOPMENT AND CONSERVATION

Part 12Montana Clean Renewable Energy Bond Act

This text of Montana § 90-4-1217 (Presumptions Of Validity Of Bonds) 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. § 90-4-1217 (2026).

Text

90-4-1217 . Presumptions of validity of bonds.

(1)Bonds issued under this part bearing the signatures of officers in office on the date of the signing of the bonds are valid and binding obligations even if, before bond delivery and payment, the persons whose signatures appear on the bonds are no longer officers of the governmental body issuing the bonds.

(2)The validity of the bonds is not dependent on or affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, or extension of the project for which the bonds are issued.

(3)The resolution authorizing the bonds may provide that the bonds must contain a recital that they are issued pursuant to this part and that the recital is conclusive evidence of the bond

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

90-4-1217 . Presumptions of validity of bonds. (1) Bonds issued under this part bearing the signatures of officers in office on the date of the signing of the bonds are valid and binding obligations even if, before bond delivery and payment, the persons whose signatures appear on the bonds are no longer officers of the governmental body issuing the bonds.
(2) The validity of the bonds is not dependent on or affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, or extension of the project for which the bonds are issued.
(3) The resolution authorizing the bonds may provide that the bonds must contain a recital that they are issued pursuant to this part and that the recital is conclusive evidence of the bonds' validity and of the regularity of the bonds' issuance.