Montana § 90-9-309 Terms And Conditions Of Loans

Montana Statutes

§ 90-9-309 — Terms And Conditions Of Loans

Montana § 90-9-309

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 9AGRICULTURE DEVELOPMENT

Part 3Grants and Loans

This text of Montana § 90-9-309 (Terms And Conditions Of Loans) 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. § 90-9-309 (2026).

Text

90-9-309 . Terms and conditions of loans.

(1)The term of any loan may not exceed 8 years.

(2)The amount of any loan may not exceed $100,000 in any 9-month period.

(3)Repayment of a loan is due in full upon dissolution or liquidation of the recipient company.

(4)The council may make a low-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 and the applicant:

(a)has unencumbered collateral to secure the full amount of the loan; or

(b)meets other requirements established by rule.

(5)The council may make a high-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 .

(6)The council may establish other terms and co

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90-9-309 . Terms and conditions of loans. (1) The term of any loan may not exceed 8 years.
(2) The amount of any loan may not exceed $100,000 in any 9-month period.
(3) Repayment of a loan is due in full upon dissolution or liquidation of the recipient company.
(4) The council may make a low-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 and the applicant:
(a) has unencumbered collateral to secure the full amount of the loan; or
(b) meets other requirements established by rule.
(5) The council may make a high-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 .
(6) The council may establish other terms and conditions by rule.