Montana § 90-7-111 - Credit Of State Not Pledged -- Statement On Obligation Required
Full text of Montana Montana Code Annotated § 90-7-111 — Credit Of State Not Pledged -- Statement On Obligation Required, with citation guidance and answers to common questions.
§ 90-7-111. Credit Of State Not Pledged -- Statement On Obligation Required
Credit of state not pledged -- statement on obligation required. (1) Obligations issued under the provisions of this chapter do not constitute a debt, liability, obligation, or pledge of the faith and credit of the state but are payable solely from the revenue or assets of the institution being financed. (2) An obligation issued under this chapter must contain on the face of the obligation a statement to the effect that the state of Montana is not liable on the obligation, the obligation is not a debt of the state, and neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the obligation.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 90-7-111
What does Montana Code Annotated § 90-7-111 cover?
Section 90-7-111 ("Credit Of State Not Pledged -- Statement On Obligation Required") 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 § 90-7-111?
A common citation format is "Montana Code Annotated § 90-7-111" (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 § 90-7-111 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.