Montana § 7-7-2270 - Authority To Purchase Outstanding Bonds
Full text of Montana Montana Code Annotated § 7-7-2270 — Authority To Purchase Outstanding Bonds, with citation guidance and answers to common questions.
§ 7-7-2270. Authority To Purchase Outstanding Bonds
Authority to purchase outstanding bonds. Whenever there is available money in any sinking fund over and above the amount required for payment of the principal and interest becoming due on the next interest payment date and sufficient to pay and redeem one or more outstanding bonds of the issue or series to which the sinking fund belongs and whenever such bonds are not held by the state of Montana and are not subject to redemption, the county treasurer, at the direction of the board of county commissioners, shall purchase such bonds if this can be done at not more than par and accrued interest or at such reasonable premium as the board may feel justified in paying, not in any case exceeding 5%.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-2270
What does Montana Code Annotated § 7-7-2270 cover?
Section 7-7-2270 ("Authority To Purchase Outstanding Bonds") 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 § 7-7-2270?
A common citation format is "Montana Code Annotated § 7-7-2270" (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 § 7-7-2270 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.