Montana § 7-7-4632 - Procedure To Return Enterprise From Receiver To Municipality
Full text of Montana Montana Code Annotated § 7-7-4632 — Procedure To Return Enterprise From Receiver To Municipality, with citation guidance and answers to common questions.
§ 7-7-4632. Procedure To Return Enterprise From Receiver To Municipality
Procedure to return enterprise from receiver to municipality. (1) Whenever all that is due upon the refunding bonds and interest thereon and upon any other notes, bonds, or other obligations and interest thereon having a charge, lien, or encumbrance on the revenues of the enterprise and under any of the terms of any covenants or agreements with bondholders shall have been paid or deposited as provided therein and all defaults shall have been cured and made good, the court may in its discretion, after such notice and hearing as it deems reasonable and proper, direct the receiver to surrender possession of the enterprise to the municipality. (2) The same right of the holders of the refunding bonds to secure the appointment of a receiver exists upon any subsequent default as provided in 7-7-4630 and 7-7-4631 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-7-4632
What does Montana Code Annotated § 7-7-4632 cover?
Section 7-7-4632 ("Procedure To Return Enterprise From Receiver To Municipality") 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 § 7-7-4632?
A common citation format is "Montana Code Annotated § 7-7-4632" (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 § 7-7-4632 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.