Montana § 7-7-4211 Citizen Bonds Authorized

Montana Statutes

§ 7-7-4211 — Citizen Bonds Authorized

Montana § 7-7-4211

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 42Municipal General Obligation Bonds

This text of Montana § 7-7-4211 (Citizen Bonds Authorized) 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. § 7-7-4211 (2026).

Text

7-7-4211 . Citizen bonds authorized.

(1)A city or town authorized to sell general obligation bonds under this chapter may issue and sell any portion of the bond in denominations of less than $5,000 by:

(a)competitive public sale, directly to members of the public, at preestablished interest rates; or

(b)private sale.

(2)Citizen bonds may be issued for any purpose for which a city or town may issue general obligation bonds.

(3)Bonds issued under 7-7-4211 through 7-7-4213 may be known as "citizen bonds".

(4)An officer, employee, contracted financial consultant, or contracted advisor employed or retained by a city or town selling citizen bonds may not purchase those bonds.

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7-7-4211 . Citizen bonds authorized. (1) A city or town authorized to sell general obligation bonds under this chapter may issue and sell any portion of the bond in denominations of less than $5,000 by:
(a) competitive public sale, directly to members of the public, at preestablished interest rates; or
(b) private sale.
(2) Citizen bonds may be issued for any purpose for which a city or town may issue general obligation bonds.
(3) Bonds issued under 7-7-4211 through 7-7-4213 may be known as "citizen bonds".
(4) An officer, employee, contracted financial consultant, or contracted advisor employed or retained by a city or town selling citizen bonds may not purchase those bonds.