Montana § 7-12-4145 - Procedure For Dealing With Bid Securities
Full text of Montana Montana Code Annotated § 7-12-4145 — Procedure For Dealing With Bid Securities, with citation guidance and answers to common questions.
§ 7-12-4145. Procedure For Dealing With Bid Securities
Procedure for dealing with bid securities. (1) If bids are rejected, the city council shall return to the proper parties the bid securities corresponding to the rejected bids. (2) The bid securities accompanying the accepted proposals or bids must be held by the city clerk of the city until the contract for doing the work has been entered into, either by the lowest bidder or by the owners of over 75% of the frontage, at which time the bid security must be returned to the bidder. (3) If the bidder fails, neglects, or refuses to enter into the contract to perform the work or improvements, then the bid securities accompanying the bid must be declared to be forfeited to the city and must be collected by the city and paid into the general fund.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-12-4145
What does Montana Code Annotated § 7-12-4145 cover?
Section 7-12-4145 ("Procedure For Dealing With Bid Securities") 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 § 7-12-4145?
A common citation format is "Montana Code Annotated § 7-12-4145" (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 § 7-12-4145 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.