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

Montana Statutes

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

Montana·Title 17 STATE FINANCE·Ch. 5 PUBLIC BOND ISSUES·Part 15 Economic Development Bonds

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.

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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.

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