Montana § 90-6-115 - Purchase Of Notes And Bonds -- Cancellation
Full text of Montana Montana Code Annotated § 90-6-115 — Purchase Of Notes And Bonds -- Cancellation, with citation guidance and answers to common questions.
§ 90-6-115. Purchase Of Notes And Bonds -- Cancellation
Purchase of notes and bonds -- cancellation. The board, subject to existing agreements with noteholders or bondholders, may, out of any funds available for that reason, purchase notes or bonds of the board, which shall thereupon be canceled, at a price not exceeding: (1) the current redemption price plus accrued interest to the next interest payment thereon, if the notes or bonds are then redeemable; or (2) the redemption price applicable on the first date after the purchase upon which the notes or bonds become subject to redemption plus accrued interest to that date, if the notes or bonds are not then redeemable.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 90-6-115
What does Montana Code Annotated § 90-6-115 cover?
Section 90-6-115 ("Purchase Of Notes And Bonds -- Cancellation") 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 § 90-6-115?
A common citation format is "Montana Code Annotated § 90-6-115" (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 § 90-6-115 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.