Montana § 85-7-2025 - Cancellation Of Unused Bonds
Full text of Montana Montana Code Annotated § 85-7-2025 — Cancellation Of Unused Bonds, with citation guidance and answers to common questions.
§ 85-7-2025. Cancellation Of Unused Bonds
Cancellation of unused bonds. Any bonds which may have been authorized but which have not been sold or deposited as security for funds advanced or to be advanced and against which the state, United States, or any other person, firm, or corporation shall have no claim to or equity in may be canceled by the board of commissioners by appropriate resolution or order. After the cancellation of said bonds, the same shall not be sold or otherwise disposed of and shall be invalid and of no effect, and the board shall have no authority to replace such canceled bonds without an authorization from the members of the district similar to that which provided for their issuance.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-7-2025
What does Montana Code Annotated § 85-7-2025 cover?
Section 85-7-2025 ("Cancellation Of Unused 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 § 85-7-2025?
A common citation format is "Montana Code Annotated § 85-7-2025" (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 § 85-7-2025 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.