Montana § 80-12-103 - Agricultural Loan Authority -- General Powers
Full text of Montana Montana Code Annotated § 80-12-103 — Agricultural Loan Authority -- General Powers, with citation guidance and answers to common questions.
§ 80-12-103. Agricultural Loan Authority -- General Powers
Agricultural loan authority -- general powers. The authority may: (1) retain professional consultants and advisers; (2) adopt rules governing its procedures; (3) purchase agricultural loans made by financial institutions; (4) issue bonds, in accordance with 80-12-301 , necessary to provide funds for implementing this chapter; (5) invest any funds generated by sale of bonds in the permissible investments outlined in 17-6-211 until such time as the funds are needed for any of the authority's other functions; (6) procure insurance or guaranties in amounts and in the form the authority considers desirable or necessary, from any party, including a governmental agency, against any loss in connection with its loan agreements; and (7) use the assistance and services of the farmers home administration, the production credit association, the federal land bank, or private lenders in approving loans for issuance of bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-12-103
What does Montana Code Annotated § 80-12-103 cover?
Section 80-12-103 ("Agricultural Loan Authority -- General Powers") 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 § 80-12-103?
A common citation format is "Montana Code Annotated § 80-12-103" (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 § 80-12-103 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.