Montana § 19-18-402 - Investment Of Fund By Trustees
Full text of Montana Montana Code Annotated § 19-18-402 — Investment Of Fund By Trustees, with citation guidance and answers to common questions.
§ 19-18-402. Investment Of Fund By Trustees
Investment of fund by trustees. (1) Subject to the provisions of 19-18-403 , when directed by a majority vote of the members of the association, the board of trustees may invest the surplus money in the fund or any part of the surplus money in: (a) time or saving deposits in a solvent bank, building and loan association, savings and loan association, or credit union operating in the county in which the city or town is located; (b) bonds or other securities of the United States government; or (c) general obligation bonds or warrants of any state, county, or city. (2) Unless otherwise required under 19-18-403 , a change in investment type is subject to a majority vote of the board of trustees of the association.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 19-18-402
What does Montana Code Annotated § 19-18-402 cover?
Section 19-18-402 ("Investment Of Fund By Trustees") 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 § 19-18-402?
A common citation format is "Montana Code Annotated § 19-18-402" (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 § 19-18-402 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.