Montana § 90-7-312 Pledge Of Revenue, Money, Or Property -- Validity

Montana Statutes

§ 90-7-312 — Pledge Of Revenue, Money, Or Property -- Validity

Montana § 90-7-312

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 7FACILITY FINANCE AUTHORITY

Part 3Notes and Bonds

This text of Montana § 90-7-312 (Pledge Of Revenue, Money, Or Property -- Validity) 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. § 90-7-312 (2026).

Text

90-7-312 . Pledge of revenue, money, or property -- validity. Any pledge made by the authority is valid and binding from the time the pledge is made. The revenue, money, or property pledged and received by the authority is immediately subject to the lien of the pledge without any physical delivery or further act. The lien of any pledge is valid and binding against all parties having claims of any kind, whether in tort, contract, or otherwise, against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created is required to be recorded.

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90-7-312 . Pledge of revenue, money, or property -- validity. Any pledge made by the authority is valid and binding from the time the pledge is made. The revenue, money, or property pledged and received by the authority is immediately subject to the lien of the pledge without any physical delivery or further act. The lien of any pledge is valid and binding against all parties having claims of any kind, whether in tort, contract, or otherwise, against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created is required to be recorded.