Montana § 17-5-1644 Care And Custody Of Bonds Purchased By The Board

Montana Statutes

§ 17-5-1644 — Care And Custody Of Bonds Purchased By The Board

Montana § 17-5-1644

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 16Municipal Finance Consolidation Act

This text of Montana § 17-5-1644 (Care And Custody Of Bonds Purchased By The Board) 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. § 17-5-1644 (2026).

Text

17-5-1644 . Care and custody of bonds purchased by the board. The board may:

(1)enter into agreements or contracts with a bank, trust company, or financial institution, inside or outside the state, as may be necessary, desirable, or convenient, in the opinion of the board, for rendering services in connection with:

(a)the care, custody, or safekeeping of bonds or other investments held or owned by the board pursuant to this part;

(b)the payment or collection of amounts payable as to principal or interest; and

(c)the delivery to the board of bonds or other investments purchased by it or sold by it pursuant to this part;

(2)pay the cost of those services; and

(3)in connection with any of the services to be rendered by a bank, trust company, or financial institution as to the custody an

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17-5-1644 . Care and custody of bonds purchased by the board. The board may:
(1) enter into agreements or contracts with a bank, trust company, or financial institution, inside or outside the state, as may be necessary, desirable, or convenient, in the opinion of the board, for rendering services in connection with:
(a) the care, custody, or safekeeping of bonds or other investments held or owned by the board pursuant to this part;
(b) the payment or collection of amounts payable as to principal or interest; and
(c) the delivery to the board of bonds or other investments purchased by it or sold by it pursuant to this part;
(2) pay the cost of those services; and
(3) in connection with any of the services to be rendered by a bank, trust company, or financial institution as to the custody and safekeeping of its bonds or investments, require security in the form of collateral bonds, surety agreements, or security agreements in a form and amount as, in the opinion of the board, is necessary or desirable.