Montana § 17-5-718 Tax Exemption Of Bonds -- Legal Investments

Montana Statutes

§ 17-5-718 — Tax Exemption Of Bonds -- Legal Investments

Montana § 17-5-718

Title 17STATE FINANCE

Ch. 5PUBLIC BOND ISSUES

Part 7Coal Severance Tax Bonds -- Water Development

This text of Montana § 17-5-718 (Tax Exemption Of Bonds -- Legal Investments) 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. § 17-5-718 (2026).

Text

17-5-718 . Tax exemption of bonds -- legal investments.

(1)All bonds or notes issued under this part, their transfer, and their income, including any profits made on their sale, are exempt from taxation by the state or any political subdivision or other instrumentality of the state, except for estate taxes.

(2)Bonds or notes issued under this part are legal investments for any person or board charged with investment of public funds and are acceptable as security for any deposit of public money.

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17-5-718 . Tax exemption of bonds -- legal investments. (1) All bonds or notes issued under this part, their transfer, and their income, including any profits made on their sale, are exempt from taxation by the state or any political subdivision or other instrumentality of the state, except for estate taxes.
(2) Bonds or notes issued under this part are legal investments for any person or board charged with investment of public funds and are acceptable as security for any deposit of public money.