Montana § 7-15-4512 - Security For Money Deposited By Housing Authority
Full text of Montana Montana Code Annotated § 7-15-4512 — Security For Money Deposited By Housing Authority, with citation guidance and answers to common questions.
§ 7-15-4512. Security For Money Deposited By Housing Authority
Security for money deposited by housing authority. (1) The authority may by resolution provide that all money deposited by it shall be secured by: (a) obligations of the United States or of the state of a market value equal at all times to the amount of such deposits; (b) any securities in which savings banks may legally invest funds within their control; or (c) an undertaking with such sureties as shall be approved by the authority to faithfully keep and pay over upon the order of the authority any such deposits and agreed interest thereon. (2) All banks and trust companies are authorized to give any such security for such deposits.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-15-4512
What does Montana Code Annotated § 7-15-4512 cover?
Section 7-15-4512 ("Security For Money Deposited By Housing Authority") 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 § 7-15-4512?
A common citation format is "Montana Code Annotated § 7-15-4512" (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 § 7-15-4512 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.