7-7-133. Power to comply with court decrees related to bankruptcy. A local entity shall comply with all orders and decrees contemplated by the federal municipal bankruptcy laws and may issue its bonds and other securities for the carrying out and consummation of the adjustment of its debts as provided and contemplated by the federal law and as required by the orders and decrees of the bankruptcy court. The orders and decrees of the bankruptcy court must be based on the Montana law applicable to the local entity.
History: En. Sec. 2, Ch. 114, L. 1939; R.C.M. 1947, 11-1304(part); amd. Sec. 4, Ch. 212, L. 1979; amd. Sec. 3, Ch. 296, L. 1995; Sec. 7-7-4112, MCA 1993; redes. 7-7-133 by Code Commissioner, 1995.
Structure Montana Code Annotated
Part 1. General Provisions Related to Local Governments
7-7-104. Limitation on action to test bond validity
7-7-105. Challenges to local government bond elections
7-7-106. Hearing and determination on challenge
7-7-107. Limitation on amount of bonds for city-county consolidated units
7-7-108. Authorization for additional indebtedness for water or sewer systems
7-7-110. Authorization of bonds
7-7-111. through 7-7-120 reserved
7-7-121. Misconduct in relation to bond funds
7-7-122. Prosecution for misconduct
7-7-123. Investment of sinking funds of local governments
7-7-124. Limitation on investment of sinking funds
7-7-125. through 7-7-130 reserved
7-7-131. Bankruptcy -- definitions
7-7-132. Procedure to declare bankruptcy
7-7-133. Power to comply with court decrees related to bankruptcy
7-7-134. Role of state and state agencies in relation to bankruptcy
7-7-135. through 7-7-139 reserved
7-7-140. Recovery zone economic development bonds and recovery zone facility bonds