Montana § 90-7-112 Exemption From Taxation -- Securities Law

Montana Statutes

§ 90-7-112 — Exemption From Taxation -- Securities Law

Montana § 90-7-112

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 7FACILITY FINANCE AUTHORITY

Part 1General Provisions

This text of Montana § 90-7-112 (Exemption From Taxation -- Securities Law) 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. § 90-7-112 (2026).

Text

90-7-112 . Exemption from taxation -- securities law.

(1)The authority performs a public function for the benefit of the people of the state for the improvement of their health and living conditions and is a public instrumentality of the state. Accordingly, the income or other revenue of the authority and all property owned by the authority and any bonds, notes, or other obligations issued under this chapter, their transfer, and income therefrom, including any profit made on the sale thereof, are exempt at all times from all taxation in the state of Montana.

(2)Bonds issued by the authority are exempt from the Montana Securities Act, but copies of all prospectus and disclosure documents must be deposited with the state securities commissioner for public inspection.

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90-7-112 . Exemption from taxation -- securities law. (1) The authority performs a public function for the benefit of the people of the state for the improvement of their health and living conditions and is a public instrumentality of the state. Accordingly, the income or other revenue of the authority and all property owned by the authority and any bonds, notes, or other obligations issued under this chapter, their transfer, and income therefrom, including any profit made on the sale thereof, are exempt at all times from all taxation in the state of Montana.
(2) Bonds issued by the authority are exempt from the Montana Securities Act, but copies of all prospectus and disclosure documents must be deposited with the state securities commissioner for public inspection.