Montana § 7-7-4503 Exchange Or Sale Of Refunding Revenue Bonds

Montana Statutes

§ 7-7-4503 — Exchange Or Sale Of Refunding Revenue Bonds

Montana § 7-7-4503

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 45Municipal Refunding Revenue Bonds Option 1

This text of Montana § 7-7-4503 (Exchange Or Sale Of Refunding Revenue Bonds) 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. § 7-7-4503 (2026).

Text

7-7-4503 . Exchange or sale of refunding revenue bonds.

(1)Refunding revenue bonds may, with the consent of the holders of the bonds to be refunded thereby, be exchanged at par plus accrued interest for all or part of such bonds or may be sold at a private negotiated sale or at a public sale conducted pursuant to the provisions of 7-7-4433 and 7-7-4434 at a price not less than par plus accrued interest.

(2)Nothing herein shall require the holder of any outstanding bond to accept payment thereof or the delivery of a refunding bond in exchange therefor except in accordance with the terms of such outstanding bond.

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7-7-4503 . Exchange or sale of refunding revenue bonds. (1) Refunding revenue bonds may, with the consent of the holders of the bonds to be refunded thereby, be exchanged at par plus accrued interest for all or part of such bonds or may be sold at a private negotiated sale or at a public sale conducted pursuant to the provisions of 7-7-4433 and 7-7-4434 at a price not less than par plus accrued interest.
(2) Nothing herein shall require the holder of any outstanding bond to accept payment thereof or the delivery of a refunding bond in exchange therefor except in accordance with the terms of such outstanding bond.