Montana § 17-5-1525 Bonds As Legal Investment

Montana Statutes

§ 17-5-1525 — Bonds As Legal Investment

Montana § 17-5-1525

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 15Economic Development Bonds

This text of Montana § 17-5-1525 (Bonds As Legal Investment) 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. § 17-5-1525 (2026).

Text

17-5-1525 . Bonds as legal investment.

(1)Bonds issued by the board under the provisions of this part are securities in which all funds may be legally and properly invested, including capital in the control of or belonging to:

(a)public officers and public bodies of the state and its political subdivisions;

(b)insurance companies;

(c)credit unions, building and loan associations, investment companies, savings banks, banking associations, and trust companies;

(d)executors, administrators, trustees, and other fiduciaries; and

(e)pension, profit-sharing, and retirement funds.

(2)Bonds issued under 17-5-1505 through 17-5-1518 and 17-5-1521 through 17-5-1529 are securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or muni

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17-5-1525 . Bonds as legal investment. (1) Bonds issued by the board under the provisions of this part are securities in which all funds may be legally and properly invested, including capital in the control of or belonging to:
(a) public officers and public bodies of the state and its political subdivisions;
(b) insurance companies;
(c) credit unions, building and loan associations, investment companies, savings banks, banking associations, and trust companies;
(d) executors, administrators, trustees, and other fiduciaries; and
(e) pension, profit-sharing, and retirement funds.
(2) Bonds issued under 17-5-1505 through 17-5-1518 and 17-5-1521 through 17-5-1529 are securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or municipality of the state for any purpose for which the deposit of bonds or obligations of the state is now or may hereafter be authorized by law.