Montana § 17-5-1510 Purchase Of Notes And Bonds -- Cancellation

Montana Statutes

§ 17-5-1510 — Purchase Of Notes And Bonds -- Cancellation

Montana § 17-5-1510

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 15Economic Development Bonds

This text of Montana § 17-5-1510 (Purchase Of Notes And Bonds -- Cancellation) 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. § 17-5-1510 (2026).

Text

17-5-1510 . Purchase of notes and bonds -- cancellation. The board may, subject to existing agreements with noteholders or bondholders and out of any funds available for that purpose, purchase notes or bonds of the board, which shall then be canceled, at a price not exceeding:

(1)the current redemption price plus accrued interest to the next interest payment if the notes or bonds are then redeemable; or

(2)the redemption price applicable on the first date after the purchase on which the notes or bonds become subject to redemption, plus accrued interest to that date, if the notes or bonds are not then redeemable.

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

17-5-1510 . Purchase of notes and bonds -- cancellation. The board may, subject to existing agreements with noteholders or bondholders and out of any funds available for that purpose, purchase notes or bonds of the board, which shall then be canceled, at a price not exceeding:
(1) the current redemption price plus accrued interest to the next interest payment if the notes or bonds are then redeemable; or
(2) the redemption price applicable on the first date after the purchase on which the notes or bonds become subject to redemption, plus accrued interest to that date, if the notes or bonds are not then redeemable.