85-9-627. Interim receipts -- negotiability. Pending preparation of the bonds sold under this chapter, receipts or certificates may be issued to purchasers in the form and with provisions as determined by the directors. Bonds and interim receipts or certificates are fully negotiable as provided by the Uniform Commercial Code--Investment Securities.
History: En. Sec. 32, Ch. 100, L. 1969; R.C.M. 1947, 89-3432.
Structure Montana Code Annotated
Chapter 9. Conservancy Districts
85-9-602. Notice of public budget hearing
85-9-603. Directors to provide financial information
85-9-604. Collection and investment of assessments
85-9-605. through 85-9-610 reserved
85-9-612. through 85-9-620 reserved
85-9-621. Issuance of bonds -- term and multipurpose bonds
85-9-622. Issuance of bonds -- determination of amount
85-9-623. Issuance of bonds -- resolution and election
85-9-624. Issuance of bonds -- approval and assessments
85-9-625. Issuance of bonds -- details of sale
85-9-627. Interim receipts -- negotiability
85-9-628. Bond registration -- copy to county
85-9-629. Disposition and investment of sale proceeds