Montana Code 17-6-313. Prior commitment of funds
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17-6-313. Prior commitment of funds. The board may authorize the commitment of funds to financial institutions pursuant to rules adopted by the board, but the determination as to credit with respect to individual investments must be made by the financial institution and the board.
Terms Used In Montana Code 17-6-313
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-6-302
- Financial institution: includes but is not limited to a state-chartered or federally chartered bank or a savings and loan association, credit union, or development corporation created pursuant to Title 32, chapter 4. See Montana Code 17-6-302