Montana § 90-9-309 - Terms And Conditions Of Loans
Full text of Montana Montana Code Annotated § 90-9-309 — Terms And Conditions Of Loans, with citation guidance and answers to common questions.
§ 90-9-309. Terms And Conditions Of Loans
Terms and conditions of loans. (1) The term of any loan may not exceed 8 years. (2) The amount of any loan may not exceed $100,000 in any 9-month period. (3) Repayment of a loan is due in full upon dissolution or liquidation of the recipient company. (4) The council may make a low-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 and the applicant: (a) has unencumbered collateral to secure the full amount of the loan; or (b) meets other requirements established by rule. (5) The council may make a high-interest loan, at a rate established by rule, only if it determines that the applicant meets the criteria set forth in 90-9-308 and 90-9-311 . (6) The council may establish other terms and conditions by rule.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 90-9-309
What does Montana Code Annotated § 90-9-309 cover?
Section 90-9-309 ("Terms And Conditions Of Loans") 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 § 90-9-309?
A common citation format is "Montana Code Annotated § 90-9-309" (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 § 90-9-309 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.