Montana § 17-6-221 Handling Securities -- Custody Of Mortgages And Repurchase Agreements

Montana Statutes

§ 17-6-221 — Handling Securities -- Custody Of Mortgages And Repurchase Agreements

Montana § 17-6-221

Title 17STATE FINANCE

Ch. 6DEPOSITS AND INVESTMENTS

Part 2Investments

This text of Montana § 17-6-221 (Handling Securities -- Custody Of Mortgages And Repurchase Agreements) 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. § 17-6-221 (2026).

Text

17-6-221 . Handling securities -- custody of mortgages and repurchase agreements.

(1)Securities may be placed in safekeeping with banks subject to national supervision or Montana state examination, and a safekeeping receipt may be accepted in lieu of the actual securities.

(2)Custody and control of repurchase agreements and mortgages shall be accomplished by the receipt of a confirmation of purchase.

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17-6-221 . Handling securities -- custody of mortgages and repurchase agreements. (1) Securities may be placed in safekeeping with banks subject to national supervision or Montana state examination, and a safekeeping receipt may be accepted in lieu of the actual securities.
(2) Custody and control of repurchase agreements and mortgages shall be accomplished by the receipt of a confirmation of purchase.

Legislative History

En. Sec. 440, Pol. C. 1895; re-en. Sec. 179, Rev. C. 1907; re-en. Sec. 174, R.C.M. 1921; Cal. Pol. C. Sec. 452; re-en. Sec. 174, R.C.M. 1935; amd. Sec. 8, Ch. 147, L. 1963; amd. Sec. 1, Ch. 152, L. 1971; amd. Sec. 1, Ch. 269, L. 1973; R.C.M. 1947, 79-201(8).