Montana Statutes

§ 20-9-223 — Cancellation Of Outstanding Warrants -- Duplication

Montana·Title 20 EDUCATION·Ch. 9 FINANCE·Part 2 Administration of Finances
20-9-223 . Cancellation of outstanding warrants -- duplication. The trustees of any school district shall be authorized to cancel any warrant that has been issued for at least 1 year. However, the contractual obligation of the district that has been satisfied by the issuance of the warrant shall not be terminated until the time specified by 27-2-202 (1) has elapsed. When a warrant has been canceled and the obligation has not terminated under 27-2-202 (1), the district may issue a duplicate warrant without the completion of an indemnity bond by the payee.

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Legislative History

En. Sec. 1, Ch. 365, L. 1973; R.C.M. 1947, 75-6811.1.

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