Montana § 85-7-2153 - Assignment Of Debenture Certificates
Full text of Montana Montana Code Annotated § 85-7-2153 — Assignment Of Debenture Certificates, with citation guidance and answers to common questions.
§ 85-7-2153. Assignment Of Debenture Certificates
Assignment of debenture certificates. The certificates provided for by 85-2-2152 are assignable and may be sold or negotiated by the board of commissioners of the irrigation district and the proceeds of the sale delivered to and deposited with the county treasurer of the county for proper credit to the respective funds of the irrigation district. Upon the sale, negotiation, or transfer of a certificate, the lien of the irrigation district vests in the purchaser of the certificate and is only divested by the payment to the purchaser or the county treasurer of the county, for the purchaser's use, of the sum for which the certificate is issued and 1% additional for each month that passes from the date of the certificate until redeemed as provided for in 85-7-2154 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-7-2153
What does Montana Code Annotated § 85-7-2153 cover?
Section 85-7-2153 ("Assignment Of Debenture Certificates") 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 § 85-7-2153?
A common citation format is "Montana Code Annotated § 85-7-2153" (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 § 85-7-2153 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.