Montana § 7-14-4663 - Authorization To Designate Trustee For Bondholders
Full text of Montana Montana Code Annotated § 7-14-4663 — Authorization To Designate Trustee For Bondholders, with citation guidance and answers to common questions.
§ 7-14-4663. Authorization To Designate Trustee For Bondholders
Authorization to designate trustee for bondholders. The commission may designate a bank or trust company as a trustee for the holders of bonds issued hereunder, may authorize the trustee to act on behalf of the holders of the bonds and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders, and may fix and determine the conditions upon which any trustee shall receive, hold, or disburse any or all revenues collected for or on account of the bondholders. The authority may prescribe the duties and powers of such trustee with respect to the payment of principal and interest on the bonds, the redemption of the bonds, the registration and discharge from registration of the bonds, and the management of any sinking fund or other funds provided as security for the bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-14-4663
What does Montana Code Annotated § 7-14-4663 cover?
Section 7-14-4663 ("Authorization To Designate Trustee For Bondholders") 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 § 7-14-4663?
A common citation format is "Montana Code Annotated § 7-14-4663" (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 § 7-14-4663 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.