Montana Statutes
§ 85-7-2153 — Assignment Of Debenture Certificates
Montana § 85-7-2153
This text of Montana § 85-7-2153 (Assignment Of Debenture Certificates) 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. § 85-7-2153 (2026).
Text
85-7-2153 . Assignment of debenture certificates. The certificates provided for by 85-2-2152 are assignable and may be sold or negotiated by the board of commissioners of the irrigation district and the proceeds of the sale delivered to and deposited with the county treasurer of the county for proper credit to the respective funds of the irrigation district. Upon the sale, negotiation, or transfer of a certificate, the lien of the irrigation district vests in the purchaser of the certificate and is only divested by the payment to the purchaser or the county treasurer of the county, for the purchaser's use, of the sum for which the certificate is issued and 1% additional for each month that passes from the date of the certificate until redeemed as provided for in 85-7-2154 .
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Legislative History
En. Sec. 2, Ch. 127, L. 1913; re-en. Sec. 7244, R.C.M. 1921; re-en. Sec. 7244, R.C.M. 1935; R.C.M. 1947, 89-1817; amd. Sec. 2800, Ch. 56, L. 2009.
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 PetitionCite This Page — Counsel Stack
Bluebook (online)
Montana § 85-7-2153, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/7/85-7-2153.