Montana § 85-7-2140 - Investment Of Funds

Full text of Montana Montana Code Annotated § 85-7-2140 — Investment Of Funds, with citation guidance and answers to common questions.

§ 85-7-2140. Investment Of Funds

Investment of funds. The board of commissioners shall direct the investment of the funds in any bond sinking fund in legal investments backed, insured, or guaranteed by the United States or the state of Montana, including federal and state agency obligations, whenever in their judgment the investment may be to the best interest of the district. All such investments shall be converted into cash in time to meet the principal on the bonds payable from such sinking fund promptly at their maturity.

Source: official Montana text · Last verified 2026-08-27

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Frequently Asked Questions About Montana § 85-7-2140

What does Montana Code Annotated § 85-7-2140 cover?

Section 85-7-2140 ("Investment Of Funds") 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 § 85-7-2140?

A common citation format is "Montana Code Annotated § 85-7-2140" (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 § 85-7-2140 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.