17-5-1122. Costs -- collection. (1) An issuer, prior to or at original issuance, may provide as a part of a system of registration that the transferor or transferee of the public obligations pay all or a designated part of the costs of the system, that costs be paid out of the proceeds of the public obligations, or that both methods be used. The portion of the costs of the system not provided to be paid by the transferor or transferee or out of proceeds is the liability of the issuer.
(2) The issuer may as a part of the system provide for reimbursement or for satisfaction of its liability by payment by others. The issuer may enter into agreements with others respecting reimbursement or payment, may establish fees and charges pursuant to such agreements or otherwise, and may provide that the amount or estimated amount of the fees and charges must be reimbursed or paid from the same sources and by means of the same collection and enforcement procedures and with the same priority and effect as with respect to the obligation.
History: En. Sec. 10, Ch. 364, L. 1983.
Structure Montana Code Annotated
Part 11. Public Obligations Registration
17-5-1103. Declarations of state interest -- purposes
17-5-1105. Applicability -- election -- rescission
17-5-1106. Records -- no public inspection -- locations
17-5-1107. through 17-5-1110 reserved
17-5-1111. System of registration
17-5-1112. Certificated public obligation -- execution -- authentication
17-5-1113. Certificated public obligation -- signatures
17-5-1114. Certificated public obligation -- seal
17-5-1115. Uncertificated public obligation -- signed statements
17-5-1116. through 17-5-1120 reserved
17-5-1121. Agents -- depositories