Montana § 7-5-2306 - Use Of Installment Purchase Contracts
Full text of Montana Montana Code Annotated § 7-5-2306 — Use Of Installment Purchase Contracts, with citation guidance and answers to common questions.
§ 7-5-2306. Use Of Installment Purchase Contracts
Use of installment purchase contracts. When the amount to be paid as the purchase price for any vehicle or road machinery of any kind, for any other machinery, apparatus, appliance, or equipment, or for any materials or supplies of any kind exceeds $4,000, the county governing body may provide for the payment of the purchase price in installments extending over a period of not more than 10 years, provided that at the time of entering into the agreement for the purchase, there is an unexpended balance of appropriation in the budget for the then-current fiscal year available and sufficient to meet and take care of the portion of the purchase price as is payable during the then-current fiscal year and the budget for each following year in which any portion of the purchase price is to be paid contains an appropriation for the purpose of paying the purchase price.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-5-2306
What does Montana Code Annotated § 7-5-2306 cover?
Section 7-5-2306 ("Use Of Installment Purchase Contracts") 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 § 7-5-2306?
A common citation format is "Montana Code Annotated § 7-5-2306" (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 § 7-5-2306 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.