Montana Statutes

§ 17-5-1627 — Negotiability Of Bonds Or Notes

Montana·Title 17 STATE FINANCE·Ch. 5 PUBLIC BOND ISSUES·Part 16 Municipal Finance Consolidation Act
17-5-1627 . Negotiability of bonds or notes. Notwithstanding any other provisions of law, a bond or note issued under this part is fully negotiable for all purposes of the Uniform Commercial Code, Title 30, chapters 1 through 9A, and a holder or owner of a bond or note or of a coupon appurtenant to it, by accepting the bond, note, or coupon, is conclusively presumed to have agreed that the bond, note, or coupon is fully negotiable for all purposes of the Uniform Commercial Code.

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Legislative History

En. Sec. 18, Ch. 620, L. 1983.

Nearby Sections

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