Montana § 80-12-308 - Validity Of Pledge
Full text of Montana Montana Code Annotated § 80-12-308 — Validity Of Pledge, with citation guidance and answers to common questions.
§ 80-12-308. Validity Of Pledge
Validity of pledge. A pledge made by the authority is valid and binding from the time the pledge is made. The revenues or property pledged and thereafter received by the authority is immediately subject to the lien of the pledge without any physical delivery thereof or further act, and the lien of any pledge is valid and binding against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether such parties have notice thereof. The resolution, trust indenture, or any other instrument by which a pledge is created need not be recorded.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-12-308
What does Montana Code Annotated § 80-12-308 cover?
Section 80-12-308 ("Validity Of Pledge") 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 § 80-12-308?
A common citation format is "Montana Code Annotated § 80-12-308" (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 § 80-12-308 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.