80-12-307. Pledge against impairment of contracts. In accordance with the constitutions of the United States and the state of Montana, the state pledges that it will in no way impair the obligations of any agreement between the authority and the holders of notes and bonds issued by the authority.
History: En. Sec. 24, Ch. 580, L. 1983.
Structure Montana Code Annotated
Chapter 12. Montana Agricultural Loan Authority Act
80-12-301. Issuance of bonds -- credit of the state not pledged
80-12-302. Provisions of bond resolutions or trust indentures
80-12-304. Negotiability of bonds
80-12-305. Tax exemption of bonds
80-12-306. Purchase of bonds -- cancellation
80-12-307. Pledge against impairment of contracts
80-12-310. Continuing validity of authority members' signatures
80-12-311. Accounts of the authority
80-12-312. Reserve funds and appropriations