Montana § 7-14-2525 - Refunding Agreements And Refunding Bonds Authorized
Full text of Montana Montana Code Annotated § 7-14-2525 — Refunding Agreements And Refunding Bonds Authorized, with citation guidance and answers to common questions.
§ 7-14-2525. Refunding Agreements And Refunding Bonds Authorized
Refunding agreements and refunding bonds authorized. (1) Whenever the total indebtedness of a county exceeds 2.5% of the total assessed value of taxable property, determined as provided in 15-8-111 , within the county and the board determines that the county is unable to pay the indebtedness in full, the board may: (a) negotiate with the bondholders for an agreement under which the bondholders agree to accept less than the full amount of the bonds and the accrued unpaid interest in satisfaction of the bonds; (b) enter into the agreement; (c) issue refunding bonds for the amount agreed upon. (2) These bonds may be issued in more than one series, and each series may be either amortization or serial bonds. (3) The plan agreed upon between the board and the bondholders must be embodied in full in the resolution providing for the issuance of the bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-14-2525
What does Montana Code Annotated § 7-14-2525 cover?
Section 7-14-2525 ("Refunding Agreements And Refunding Bonds Authorized") 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 § 7-14-2525?
A common citation format is "Montana Code Annotated § 7-14-2525" (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 § 7-14-2525 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.