69-3-507. State not obligated on securities. No provision of this part or any act or deed done or performed in connection therewith shall be construed to obligate the state to pay or guarantee in any manner whatsoever any security authorized, issued, assumed, or guaranteed under the provisions of this part.
History: En. Sec. 6, Ch. 74, L. 1961; R.C.M. 1947, 70-117.6.
Structure Montana Code Annotated
Title 69. Public Utilities and Carriers
Chapter 3. Regulation of Utilities
Part 5. Issuance of Securities and Creation of Liens
69-3-501. Regulation of issuance of securities and creation of liens by utilities
69-3-502. Petition for issuance of securities
69-3-503. Prompt consideration of petition
69-3-504. Decision on petition
69-3-505. Issuance of certain short-term obligations