Montana § 17-5-1123 Deposits For Security

Montana Statutes

§ 17-5-1123 — Deposits For Security

Montana § 17-5-1123

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 11Public Obligations Registration

This text of Montana § 17-5-1123 (Deposits For Security) 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. § 17-5-1123 (2026).

Text

17-5-1123 . Deposits for security. Whenever under any law of this state a deposit of public obligations is authorized as security, public obligations otherwise meeting the authorized criteria may be deposited and must be accepted as security, provided that:

(1)in the case of a certificated public obligation, the instrument is assigned to the holder of the deposit; and

(2)in the case of an uncertificated public obligation, registration of a pledge is authorized by the system and the pledge of the uncertificated obligation is registered.

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17-5-1123 . Deposits for security. Whenever under any law of this state a deposit of public obligations is authorized as security, public obligations otherwise meeting the authorized criteria may be deposited and must be accepted as security, provided that:
(1) in the case of a certificated public obligation, the instrument is assigned to the holder of the deposit; and
(2) in the case of an uncertificated public obligation, registration of a pledge is authorized by the system and the pledge of the uncertificated obligation is registered.