Montana Statutes

§ 7-7-4214 — Zero-Coupon And Capital Appreciation Bonds

Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 42 Municipal General Obligation Bonds
7-7-4214 . Zero-coupon and capital appreciation bonds. The terms "zero-coupon bonds" and "capital appreciation bonds", as used in Title 7, chapter 7, part 42, mean those forms of bonds that make no periodic interest payments but rather are sold at a discount from their face value.

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Montana § 7-7-4214 (Zero-Coupon And Capital Appreciation Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 4, Ch. 511, L. 1989.

Nearby Sections

15
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