7-2-4912. Management of unencumbered cash. (1) Under the supervision of the director of the department of administration or the director's designee, the city treasurer or town clerk shall draw a treasurer's check for the amount of unencumbered cash in the city or town treasury. The check must be made payable to and delivered to the county treasurer of the county in which the disincorporating city or town is situated.
(2) The county treasurer shall immediately place the money in a special fund, to be drawn upon as provided in this part.
History: En. Sec. 8, Ch. 99, L. 1973; amd. Sec. 10, Ch. 213, L. 1975; R.C.M. 1947, 11-315(part); amd. Sec. 7, Ch. 274, L. 1981; amd. Sec. 1, Ch. 287, L. 1983; amd. Sec. 25, Ch. 483, L. 2001.
Structure Montana Code Annotated
Chapter 2. Creation, Alteration, and Abandonment of Local Governments
Part 49. Disincorporation of Municipalities
7-2-4901. Automatic disincorporation
7-2-4902. Disincorporation by election
7-2-4905. Effect of insufficient vote to disincorporate
7-2-4906. Effect of sufficient vote to disincorporate
7-2-4907. through 7-2-4910 reserved
7-2-4911. Certification of financial condition
7-2-4912. Management of unencumbered cash
7-2-4913. Release of public property to county commissioners
7-2-4914. Disposition of city court records
7-2-4915. Effect of disincorporation on prior legal rights
7-2-4916. Payment of debts and collection of receivables of disincorporated municipality
7-2-4917. Procedure to collect receivables
7-2-4918. Tax levy in event of insolvency
7-2-4919. Management of surplus assets deposited to special fund
7-2-4920. Payment of costs and expenses from special county fund