Montana § 90-7-113 Bonds As Legal Investment

Montana Statutes

§ 90-7-113 — Bonds As Legal Investment

Montana § 90-7-113

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 7FACILITY FINANCE AUTHORITY

Part 1General Provisions

This text of Montana § 90-7-113 (Bonds As Legal Investment) 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. § 90-7-113 (2026).

Text

90-7-113 . Bonds as legal investment.

(1)Bonds issued by the authority under the provisions of this chapter are securities in which funds may be legally and properly invested, including capital in the control of or belonging to:

(a)public officers and public bodies of the state and its political subdivisions;

(b)insurance companies;

(c)credit unions, building and loan associations, investment companies, savings banks, banking associations, and trust companies;

(d)personal representatives, public administrators, trustees, and other fiduciaries; and

(e)pension, profit-sharing, and retirement funds.

(2)Bonds issued under this chapter are securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or municipality of the state f

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90-7-113 . Bonds as legal investment. (1) Bonds issued by the authority under the provisions of this chapter are securities in which funds may be legally and properly invested, including capital in the control of or belonging to:
(a) public officers and public bodies of the state and its political subdivisions;
(b) insurance companies;
(c) credit unions, building and loan associations, investment companies, savings banks, banking associations, and trust companies;
(d) personal representatives, public administrators, trustees, and other fiduciaries; and
(e) pension, profit-sharing, and retirement funds.
(2) Bonds issued under this chapter are securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or municipality of the state for any purpose for which the deposit of bonds or obligations of the state is authorized by law.