Montana § 18-1-303 - Interest Or Income On Deposits To Contractor
Full text of Montana Montana Code Annotated § 18-1-303 — Interest Or Income On Deposits To Contractor, with citation guidance and answers to common questions.
§ 18-1-303. Interest Or Income On Deposits To Contractor
Interest or income on deposits to contractor. (1) The contracting agency or any national bank, state bank, trust company, or safe deposit company located in the state of Montana, designated by the contractor to serve as custodian for the obligations pursuant to 18-1-302 , shall collect all interest or income when due on the obligations so deposited and shall pay the same, when and as collected, to the contractor who deposited the obligation. (2) If deposited in the form of coupon bonds, the contracting agency or the designated custodian, pursuant to 18-1-302 , shall deliver each such coupon as it matures to the contractor.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 18-1-303
What does Montana Code Annotated § 18-1-303 cover?
Section 18-1-303 ("Interest Or Income On Deposits To Contractor") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 18-1-303?
A common citation format is "Montana Code Annotated § 18-1-303" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 18-1-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.