Montana § 7-15-4502 - Powers Related To Loans
Full text of Montana Montana Code Annotated § 7-15-4502 — Powers Related To Loans, with citation guidance and answers to common questions.
§ 7-15-4502. Powers Related To Loans
Powers related to loans. An authority shall have power: (1) to borrow money upon its bonds, notes, debentures, or other evidences of indebtedness and to secure the same by pledges of its revenues and (subject to the limitations hereinafter imposed) by mortgages upon property held or to be held by it or in any other manner; (2) in connection with any loan, to agree to limitations upon its right to dispose of any housing project or part thereof or to undertake additional housing projects; (3) in connection with any loan by a government, to agree to limitations upon the exercise of any powers conferred upon the authority by this part and part 44; (4) to invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities in which savings banks may legally invest funds subject to their control.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-15-4502
What does Montana Code Annotated § 7-15-4502 cover?
Section 7-15-4502 ("Powers Related To Loans") 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 § 7-15-4502?
A common citation format is "Montana Code Annotated § 7-15-4502" (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 § 7-15-4502 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.