Montana Statutes
§ 75-6-325 — Statutory Mortgage Lien
Montana·Title 75 ENVIRONMENTAL PROTECTION·Ch. 6 PUBLIC WATER SUPPLIES, DISTRIBUTION, AND TREATMENT·Part 3 Regional Water and Wastewater Authority Act
75-6-325 . Statutory mortgage lien. There is a statutory mortgage lien upon the water supply, wastewater transportation, or treatment system of the authority. The lien exists in favor of the holders of bonds authorized to be issued pursuant to this part, and each holder and the system remain subject to the statutory mortgage lien until payment in full of all principal of and interest on the bonds.
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Montana § 75-6-325 (Statutory Mortgage Lien) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 15, Ch. 498, L. 1999.
Nearby Sections
15
§ 75-6-101
Policy§ 75-6-102
Definitions§ 75-6-103
Repealed§ 75-6-104
Duties Of Department§ 75-6-106
Laboratory License Required§ 75-6-107
Variances And Exemptions§ 75-6-109
Administrative Enforcement§ 75-6-110
Enforcement Response§ 75-6-112
Prohibited Acts§ 75-6-113
Penalty§ 75-6-114
Civil Penalty