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2019 Montana Code Annotated
Title 75. Environmental Protection
Chapter 6. Public Water Supplies, Distribution, and Treatment
Part 3. Regional Water and Wastewater Authority Act
75-6-325. Statutory mortgage lien
Universal Citation: MT Code § 75-6-325 (2019)
75-6-325. Statutory mortgage lien. There is a statutory mortgage lien upon the water supply, wastewater transportation, or treatment system of the authority. The lien exists in favor of the holders of bonds authorized to be issued pursuant to this part, and each holder and the system remain subject to the statutory mortgage lien until payment in full of all principal of and interest on the bonds.
History: En. Sec. 15, Ch. 498, L. 1999.
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