Montana § 85-6-101 Power To Levy New Assessments

Montana Statutes

§ 85-6-101 — Power To Levy New Assessments

Montana·Title 85 WATER USE·Ch. 6 WATER USERS' ASSOCIATIONS·Part 1 General Provisions

85-6-101 . Power to levy new assessments. Whenever any water users' association, having a contract with the United States government for construction of works and delivery of water and also a contract with its shareholders, organized under and by virtue of the corporation laws of this state and in conformity with the laws of the United States, shall have levied an assessment or assessments upon its capital stock, which assessment or assessments or any part thereof remain uncollected, such association shall have the power to discharge all assessments theretofore levied and to levy in lieu thereof an assessment which shall include all previous assessments levied upon the shareholders of said association and to give credit for all payments on assessments theretofore made.

Free access — add to your briefcase to read the full text and ask questions with AI

85-6-101 . Power to levy new assessments. Whenever any water users' association, having a contract with the United States government for construction of works and delivery of water and also a contract with its shareholders, organized under and by virtue of the corporation laws of this state and in conformity with the laws of the United States, shall have levied an assessment or assessments upon its capital stock, which assessment or assessments or any part thereof remain uncollected, such association shall have the power to discharge all assessments theretofore levied and to levy in lieu thereof an assessment which shall include all previous assessments levied upon the shareholders of said association and to give credit for all payments on assessments theretofore made.

Montana § 85-6-101 (Power To Levy New Assessments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.