Montana Statutes
§ 85-7-2041 — Bankruptcy Proceedings By Irrigation Districts
85-7-2041 . Bankruptcy proceedings by irrigation districts.
(1)The board of commissioners or directors of any irrigation district may, in the name and on behalf of such district, initiate and carry out proceedings for readjustment of the debts of such district, under Chapter IX of the federal Bankruptcy Act or similar provisions of any past or future federal bankruptcy act.
(2)This section is remedial in its nature and shall be liberally construed to effect its purpose, which is to permit irrigation districts to readjust their debts under federal bankruptcy acts and to confer upon the board of commissioners or directors thereof every power necessary therefor or reasonably incidental thereto.
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Montana § 85-7-2041 (Bankruptcy Proceedings By Irrigation Districts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Secs. 1, 2, Ch. 110, L. 1939; R.C.M. 1947, 89-1903(part), 89-1904.
Nearby Sections
15
§ 85-7-1001
Proceedings For Dissolution Of District§ 85-7-1003
Contents Of Petition§ 85-7-1005
Hearing On Petition, Notice, And Order§ 85-7-1006
Court's Authority At Hearing§ 85-7-1007
Court Decree And Sale Of Assets§ 85-7-1008
Final Decree Of Dissolution -- When Made§ 85-7-102
Evidence Of Title§ 85-7-104
Petition For Organization§ 85-7-105
Order And Notice Of Hearing On Petition§ 85-7-106
Hearing On Petition